Gate Joins Global Dollar Network as Tier 1 Partner to Expand USDG Integration

Gate, a leading global cryptocurrency exchange, has become a Tier 1 partner in the Global Dollar Network (GDN), solidifying its position in the evolving landscape of stablecoin-backed digital payments. As part of the collaboration, Gate has integrated USDG, a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, into its platform. USDG is fully backed 1:1 with U.S. dollars or equivalent liquid assets and is now available across the Ethereum, Solana, and Ink blockchains [1]. This move underscores Gate’s strategic alignment with a compliant and institutional-grade stablecoin, enhancing its global reach and infrastructure for digital transactions.

By joining GDN, Gate joins industry leaders such as Kraken, Mastercard, and Paxos in supporting USDG’s regulatory-compliant expansion. The partnership not only strengthens the stablecoin’s acceptance across major platforms but also reinforces its role in facilitating institutional and consumer engagement in digital payments [1]. According to Dr. Han, founder and CEO of Gate, the integration is expected to contribute significantly to the next generation of global payments and PayFi applications, offering a transparent and regulated stablecoin option to its 34 million users worldwide [2].

This development aligns with the broader trend of institutionalization and standardization in the stablecoin market. GDN, a rapidly growing stablecoin ecosystem, is seen as a key player in shaping the future of global finance through the use of digital currencies. The collaboration is expected to enhance the usability of stablecoins in everyday transactions, mitigating volatility risks and improving cross-border payment efficiency [2]. As GDN continues to expand, it reinforces the role of stablecoins in bridging traditional finance and blockchain-based systems.

Gate’s integration of USDG reflects its ongoing efforts to innovate within the digital asset space while maintaining high standards of compliance. The move is part of Gate’s broader strategy to enhance programmable payments and expand its global footprint. By offering USDG, Gate is positioning itself to support wider adoption of stablecoins among institutional and retail users, building a more secure and transparent digital asset ecosystem [2].

The partnership also highlights the growing importance of stablecoins in global finance. As the market evolves, collaborations between major exchanges and institutional-grade stablecoin issuers are likely to drive further adoption and integration of digital assets into mainstream financial systems [1].

Source:

[1] Gate.com (https://www.gate.io/article/46458)

[2] PANews (https://www.panewslab.com/en/articles/b080d2c6-ff9b-494c-9c2e-0a59768f9ead)