Paxos Expands Global Dollar Network With Reap, Amina Bank Integrations

Paxos just plugged two major leaks in the global dollar pipeline.

The stablecoin issuer and blockchain infrastructure firm announced integrations with Reap and Amina Bank, stitching together a financial corridor that stretches from Asia to the Middle East. It's a direct shot at the legacy correspondent banking system—and its notorious fees and delays.

Building the On-Ramps

Forget waiting days for a wire. The Reap integration lets businesses in Asia pay vendors globally using Paxos-issued USDP stablecoins, converting crypto to fiat at the destination. It's a classic bypass play: use blockchain rails for the transfer, then cash out where it matters.

Amina Bank, formerly known as SEBA Bank, brings the regulated Swiss gateway. The partnership allows its institutional clients to directly custody and trade Paxos-issued digital assets, including its gold-backed token. It's a trust play, wrapping crypto in a Swiss bank's vault-like reputation.

Why This Network Matters

This isn't just about adding partners. It's about building a mesh. Each new integration—a payment platform here, a licensed bank there—makes the Paxos dollar network more resilient and useful. Liquidity begets liquidity. For a firm whose core product is a digital dollar, ubiquity is the only metric that counts.

The move highlights a quiet but fierce battle among stablecoin issuers: to become the default digital dollar for global commerce. The prize? Becoming the plumbing that the financial system can't live without—a prospect that would make any traditional banker's bonus look like pocket change.

The bottom line? While traditional finance debates real-time payments, crypto is building a parallel system. One partnership at a time.

Paxos has added two new members to its Global Dollar Network this week, with Swiss-regulated Amina Bank and Hong Kong-based business payments platform Reap integrating the USDG stablecoin into their operations.

The additions expand the regulated stablecoin's reach across institutional banking and cross-border business payments, connecting USDG to both traditional finance clients and emerging market payment corridors.

Amina Bank, supervised by Switzerland's Financial Market Supervisory Authority, will offer USDG custody, trading, and rewards to professional and institutional clients. The bank is adding USDG to its existing stablecoin offerings, which include USDT, USDC, EURC, and Ripple's RLUSD.

"USDG custody, trading, and rewards represent the latest expansion of our regulated stablecoin offering, continuing our leadership in bringing institutional-grade digital dollar access to professional investors," Myles Harrison, chief product officer at Amina Bank, said in a statement. The bank's rewards program offers clients up to 4% annual returns on USDG holdings.

Separately, Reap announced it joined the Global Dollar Network to integrate USDG settlement into its corporate card programs, treasury management, and cross-border payment rails serving clients across Asia, Africa, and Latin America.

"Joining the Global Dollar Network allows us to deliver faster and more capital-efficient settlements for web3 clients or traditional enterprises modernizing their financial operations," Daren Guo, Reap's co-founder, said in a statement on Wednesday.

Reap operates stablecoin-enabled payment infrastructure targeting emerging markets where dollar-denominated transactions dominate.

USDG is issued by Paxos Digital Singapore, a Major Payment Institution supervised by the Monetary Authority of Singapore, and by Paxos Issuance Europe in compliance with the EU's MiCA regulation. The stablecoin is backed primarily by U.S. government bonds held one-to-one against circulating supply.

The Global Dollar Network now includes major platforms such as Robinhood, Kraken, OKX, Galaxy, Anchorage, and Bullish, forming an ecosystem of regulated financial institutions working to advance digital dollar adoption.

"We're building infrastructure that enables financial institutions to offer clients secure, compliant access to digital dollars, and AMINA's integration demonstrates the growing institutional demand for trusted stablecoin services," said Nick Robnett, head of crypto business development at Paxos.

Reap plans to embed USDG capabilities across its platform, allowing finance teams to MOVE between blockchain and traditional banking rails within a single interface. Amina Bank will provide USDG access through its existing custody and trading infrastructure serving professional investors.