Kraken’s Global Dollar USDG Gains Momentum with TradFi and Crypto Partners

The Global Dollar (USDG), a stablecoin launched in November, is rapidly gaining traction among both traditional finance (TradFi) players and crypto-native firms. Kraken, one of the founding members of the USDG ecosystem, anticipates its partner network could grow to 1,000 entities, driven by yield-sharing incentives from reserve assets. Recently, 19 new partners have joined the ecosystem, which already includes prominent names like Robinhood, Paxos, Galaxy Digital, and Anchorage Digital. This development underscores the increasing integration of stablecoins into mainstream financial systems and highlights Kraken’s pivotal role in this expansion. The USDG’s ability to attract diverse partners signals a bullish trend for digital assets in 2025, as more institutions recognize the value of blockchain-based financial solutions.

Global Dollar USDG Attracts TradFi Interest as Kraken Eyes 1,000 Partners

The global dollar (USDG), a stablecoin launched in November, is gaining traction with traditional finance players alongside crypto-native firms. Kraken predicts its partner network could expand to 1,000 entities drawn by yield-sharing incentives from reserve assets.

Nineteen new partners recently joined USDG’s ecosystem, which includes founding members Kraken, Robinhood, Paxos, Galaxy Digital, and Anchorage Digital. "We’re progressing from 25 to 50 to potentially 1,000 partners," said Kraken’s Mark Greenberg, noting significant interest from banks and institutional TradFi names.

Kraken to List Tokenized Versions of Nvidia, Apple, Tesla Shares on Solana

Kraken is expanding its crypto offerings with tokenized shares of major U.S. equities, including Nvidia, Apple, and Tesla, alongside over 50 other stocks and ETFs. These Solana-based tokens, branded as "xStocks," will enable global investors to trade traditional assets around the clock.

The initiative bridges traditional finance with blockchain technology, offering 1:1 redeemable tokens backed by physical shares held by Backed Finance. Market benchmarks like the SPDR S&P 500 ETF (SPY) and SPDR Gold Shares (GLD) are included in the rollout.

This follows Kraken’s April announcement of 11,000+ U.S. securities availability in select states. The exchange continues to blur lines between crypto and legacy markets, leveraging Solana’s high-speed infrastructure for equity trading.

Kraken to Tokenize U.S. Stocks on Solana, Fueling SOL Price Rally

Kraken is preparing to launch tokenized versions of over 50 U.S. stocks and ETFs for non-U.S. customers, leveraging Solana’s blockchain. The initiative, dubbed "xStocks," includes heavyweight equities like Apple, Tesla, and Nvidia, alongside ETFs such as SPY and GLD. Availability will span Europe, Latin America, Africa, and Asia in the coming weeks.

Solana’s native token, SOL, has surged 25% in the past month, buoyed by the announcement. Analysts now eye a potential breakout toward $200, as institutional adoption of the blockchain accelerates. The MOVE underscores Solana’s growing dominance in tokenized real-world assets.