Hyperliquid News Today: Paxos Launches USDG0: Regulated Stablecoin for Multi-Chain DeFi
Paxos Labs has launched USDG0, a new omnichain stablecoin designed to expand the reach of its regulated USDG stablecoin across multiple blockchain ecosystems. Built on LayerZero's Omnichain Fungible Token (OFT) standard, USDG0 enables seamless, cross-chain transfers of dollar-backed liquidity without relying on wrapped tokens or traditional bridges. The stablecoin's inaugural launch cohort includes PlumePLUME--, Hyperliquid, and AptosAPT--, with Plume highlighted as a key platform for real-world asset (RWA) innovation.
USDG0 operates as a bridged version of Paxos's USDG, which is fully backed 1:1 by U.S. dollars and governed by the Global Dollar Network (GDN). When users transfer USDG to a non-native chain, USDG0 is minted on the destination network while the original USDG remains locked in audited smart contracts. This preserves regulatory compliance and transparency while enabling instant, low-cost cross-chain transactions. The integration leverages LayerZero's OFT protocol, which allows tokens to exist natively across supported chains, synchronizing supply in real time.
Plume, a leading RWA blockchain, has integrated USDG0 into its ecosystem, joining Hyperliquid and Aptos as one of the first platforms to adopt the stablecoin. Plume's co-founder and CBO, Teddy Pornprinya, emphasized that USDG0 provides "trusted, compliant liquidity" for the platform's 280,000+ RWA holders and $645 million in total value locked (TVL). The partnership positions Plume as a launchpad for regulated stablecoin distribution, supporting applications in DeFi yield generation, institutional-grade financial services, and tokenized real-world assets.
The launch aligns with broader regulatory developments, including the U.S. GENIUS Act and Europe's MiCA framework, which have spurred stablecoin adoption. USDG0 joins a competitive market where Tether's USDTUSDT-- and Circle's USDCUSDC-- dominate, but it distinguishes itself through institutional-grade compliance and cross-chain flexibility. Paxos CEO Bhau Kotecha described USDG0 as "the next evolution of stablecoin infrastructure," emphasizing its role in making "trusted digital dollars truly borderless".
Hyperliquid and Aptos are also leveraging USDG0 for DeFi use cases. Hyperliquid will integrate the stablecoin into its yield-aligned trading platforms and lending markets, while Aptos plans to use it for modular DeFi systems and enterprise-grade payment rails. The stablecoin's ability to move across EthereumETH--, SolanaSOL--, and other chains without sacrificing regulatory safeguards has drawn interest from developers and institutional participants.
Market analysts note that USDG0's launch coincides with rising demand for interoperable DeFi solutions. As Bitcoin's price volatility persists, stablecoins like USDG0 offer a reliable medium for liquidity and value transfer. With $645 million in TVL on Plume alone, the stablecoin's adoption could accelerate as more projects seek cross-chain compatibility and regulatory clarity.
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