Gate has officially become one of the first partners of the Global Dollar Network, promoting the global adoption of stablecoins.

The globally leading Crypto Assets trading platform Gate announced its formal entry into the Global Dollar Network (GDN), which aims to accelerate the widespread adoption of stablecoins globally and build an open financial infrastructure ecosystem. As one of the first-tier partners, Gate has completed the integration of USDG (a stablecoin pegged to the US dollar), providing a convenient stablecoin usage experience for its 34 million users. This move is not limited to the introduction of a single stablecoin; it also highlights Gate's strategic determination to expand in the PayFi sector.

USDG is now live on the Gate platform, supporting multiple blockchain networks such as Ethereum, Solana, and Ink. This stablecoin is issued by Paxos Digital Singapore, backed by reserves of 1:1 ratio in USD or equivalent high liquidity assets, and is regulated by the Monetary Authority of Singapore (MAS), holding a "Major Payment Institution" license; simultaneously, USDG is also issued by Paxos Issuance Europe, regulated by the Finnish Financial Supervisory Authority (FIN-FSA), and complies with the EU's Market in Crypto-Assets Regulation (MiCA). Gate is committed to promoting compliant development and financial transparency. By integrating USDG, it further practices its mission to promote financial inclusivity and actively builds a bridge between centralized and decentralized finance. This initiative will also lay a solid foundation for Gate to achieve seamless cross-border payments and build a more resilient global PayFi economy.

Gate founder and CEO Dr. Han stated: "This collaboration fully reflects Gate's ongoing investment in compliance innovation and digital asset infrastructure. USDG will become an important force driving the next generation of global payments, transactions, and PayFi applications. Next, we will further deepen the integration and collaboration with USDG within the Gate ecosystem."

Nick Robnett, head of crypto business expansion at Paxos, representing the Global Dollar Network, stated: "We warmly welcome Gate to join the Global Dollar Network. As one of the world's leading trading platforms, Gate's participation will further strengthen our common goal of promoting the global adoption of secure and trusted stablecoins, providing global users with transparent, efficient, and always-available financial services."

Global Dollar Network is one of the fastest-growing stablecoin networks globally, adopting a sustainable economic model that incentivizes and distributes income to partners based on contributions. Compared to traditional stablecoins, this network places more emphasis on ecological collaboration and the incentive mechanisms for scaled applications.

With the rapid evolution of the stablecoin ecosystem, the market's demand for innovative products is increasingly strong. USDG, with its high stability, has become one of the most trusted stablecoins globally. Gate will continue to work hand in hand with industry leaders to promote the widespread application of stablecoins and embrace a more open and efficient global crypto payment era.

##About Gate

Gate was founded in 2013, with Dr. Han as the founder and CEO, and is one of the world's leading Crypto Assets trading platforms. The platform serves over 34 million users and supports trading of over 3,600 types of Crypto Assets. As an industry benchmark, Gate was the first to achieve 100% reserve proof, with an ecosystem that includes various services such as Gate Wallet and Gate Ventures.

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##About Global Dollar Network

Global Dollar Network is currently one of the fastest-growing stablecoin networks in the world, with significant economic growth potential. The network is supported by the USDG stablecoin, which is pegged to the US dollar and issued by Paxos Digital Singapore and Paxos Issuance Europe, respectively, and is regulated by the Monetary Authority of Singapore (MAS) and the Finnish Financial Supervisory Authority (FIN-FSA). Global Dollar Network has built a transparent and equitable economic model, incentivizing and sharing profits based on the actual contributions of partners to promote collaboration and the adoption of the stablecoin ecosystem. Current partners joining the network include several industry-leading companies such as Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, and Worldpay. Currently, USDG has supported circulation on blockchain networks such as Solana, Ink, and Ethereum.