Paxos-Backed USDG Expands Global Reach with Revenue-Sharing Model

The Global Dollar Network (GDN), a stablecoin initiative backed by Paxos and supported by major firms including Robinhood, Galaxy, and Kraken, is gaining traction. Nineteen new members from regions like Turkey, Southeast Asia, and the Middle East have joined the alliance, quietly expanding the footprint of its dollar-pegged token, USDG.

Unlike traditional stablecoins dominated by centralized issuers, USDG operates on a revenue-sharing model. Reserve yields are redistributed to partners—exchanges, custodians, and wallet providers—that drive adoption. Minting and payment processing activities are rewarded monthly through a proprietary attribution system.

Though its $285 million circulation pales in comparison to giants like USDT and USDC, USDG’s innovative approach signals a shift in stablecoin economics. The model incentivizes ecosystem participation while challenging the profit-centralization of legacy players.