TLDR
- Paxos has launched USDG0, an omnichain version of its USDG stablecoin.
- USDG0 brings regulated dollar liquidity to Hyperliquid, Plume, and Aptos.
- The stablecoin uses LayerZero’s OFT standard to enable cross-chain transfers.
- USDG0 maintains the same regulatory protections as USDG on Ethereum and other networks.
- On Hyperliquid, USDG0 supports yield-aligned trading and new lending markets.
Paxos Labs has introduced USDG0, an omnichain version of its regulated USDG stablecoin. USDG0 aims to bring dollar-backed liquidity to Hyperliquid, Plume, and Aptos through LayerZero’s OFT standard. This move allows the stablecoin to maintain its regulatory backing across different blockchains without creating separate wrapped versions.
USDG0 Extends USDG to Multiple Chains
Paxos’s USDG0 extends its flagship USDG stablecoin to new blockchain ecosystems without creating separate versions. By utilizing LayerZero’s OFT standard, USDG0 can function as a native asset across blockchains. This allows the stablecoin to maintain the same regulatory protections as its Ethereum, Solana, Ink, and X Layer counterparts.
The extension enables USDG0 to be used in various applications across multiple chains. For instance, on Hyperliquid, it will support yield-aligned trading and facilitate new lending markets. Meanwhile, Plume and Aptos plan to integrate USDG0 into their modular DeFi solutions and tokenized yields.
Paxos’s initiative showcases how stablecoins can be adapted for cross-chain use. USDG0 is designed to bring dollar liquidity to apps across these networks, enabling seamless cross-chain transfers. “This move represents how regulated infrastructure meets DeFi composability,” Paxos said in an official statement.
Applications Across Different Ecosystems
The introduction of USDG0 aims to integrate dollar liquidity into the broader DeFi space. It allows apps across Hyperliquid, Plume, and Aptos to embed dollar-backed stablecoins into their products. These apps can then earn yields tied to Treasury benchmarks and use USDG0 for cross-chain value transfers.
On the Hyperliquid network, USDG0 will drive the development of new markets and trading strategies. In addition, Plume and Aptos will leverage the stablecoin to expand modular DeFi services and tokenized yields. By eliminating the need for traditional bridges, USDG0 provides a more efficient way to transfer value between blockchains.
Paxos’s approach highlights its commitment to bringing regulatory clarity and stability to DeFi. The USDG0 stablecoin strengthens Paxos’s position in the growing digital asset space. With its focus on regulatory compliance, USDG0 offers a bridge between traditional financial systems and decentralized finance.
Paxos’s Role in the Stablecoin Market
Paxos has been a leader in the regulated stablecoin sector since 2018, processing over $180 billion in tokenization activities. The company is behind three major regulated dollar-backed stablecoins: USDP, PayPal’s PYUSD, and USDG. Paxos’s stablecoins are overseen by global regulators, ensuring trust and stability in the digital asset space.
The company’s commitment to regulatory clarity has supported the growth of the stablecoin market. In the U.S., regulatory frameworks such as the GENIUS Act and Europe’s MiCA have accelerated stablecoin adoption. According to DefiLlama, the stablecoin market cap now stands at $303.44 billion, reflecting the growing demand for regulated digital currencies.
Paxos continues to lead in creating solutions that bridge traditional finance and the emerging DeFi ecosystem. With the launch of USDG0, the company expands its reach to new blockchain networks while maintaining its core principles of regulatory compliance and security.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
