On November 18, 2025, Paxos Labs announced USDG0, a major upgrade to its regulated stablecoin, the Global Dollar (USDG).

USDG0 extends USDG across multiple blockchain ecosystems through LayerZero’s Omnichain Fungible Token (OFT) framework, launching first on Hyperliquid, Plume Network, and Aptos.

The announcement positions USDG0 as the next evolution of compliant, yield-aligned, omnichain stablecoin liquidity for the expanding DeFi economy.

Why Paxos Launched USDG0

Paxos framed USDG0 as a response to the fast-growing demand for interoperable, yield-bearing stablecoins that align incentives between issuers, networks, developers, and end-users.

A promotional video emphasized several themes:

Stablecoins are evolving from simple payments tools to global value infrastructure
USDG0 returns yield directly to users
Cross-chain movement becomes seamless with omnichain architecture
Partners benefit from aligned economics and shared growth

The video concluded with the tagline: “The Global Dollar in motion.”

Announcing USDG0: the next evolution of stablecoin infrastructure.

Developed by Paxos Labs and powered by @LayerZero_Core, USDG0 brings the @global_dollar (USDG) to every ecosystem starting with @HyperliquidX, @PlumeNetwork, and @Aptos. 🧵 pic.twitter.com/PDsJUaQ5Kf
— Paxos Labs (@paxoslabs) November 18, 2025

Background: Paxos, USDG, and the Global Dollar Network

About Paxos

Founded in 2012, Paxos is one of the most regulated blockchain and tokenization platforms, operating under U.S. oversight — including the New York State Department of Financial Services (NYDFS). Paxos has tokenized over $180 billion in assets since 2018.

It issues multiple major regulated assets:

USDP (Pax Dollar)
PAXG (Pax Gold)
PYUSD (PayPal USD)

All Paxos-issued stablecoins are 1:1 backed by U.S. dollars or equivalents held in regulated custody accounts.

What Is USDG?

USDG (Global Dollar) launched on October 31, 2024 as a globally compliant, USD-backed stablecoin.

Key governance and expansion milestones:

Governed by the Global Dollar Network (GDN) — an open consortium launched November 4, 2024
Founding members include: Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, Robinhood
Designed to reward network participants and enforce high regulatory standards

Geographic Expansion

USDG has grown rapidly:

November 2024: Launched in Singapore with DBS Bank under MAS’s stablecoin framework
July 2025: Rolled out in the European Union under MiCA compliance, available to 450M consumers via Kraken, Gate, and other exchanges
Currently live on: Solana, Ethereum, Ink, X Layer
Portions of reserves held in European banks for MiCA alignment

Paxos also explored specialized variants, including USAD, a privacy-focused stablecoin created with the Aleo Network Foundation (October 2025).

What Is USDG0?

The Omnichain Upgrade to USDG

USDG0 is an omnichain version of USDG designed to move natively across chains without wrapping, liquidity fragmentation, or bridging slippage. It is fully 1:1 backed by U.S. dollars in regulated accounts.

Instant, secure, omnichain transfers
Unified liquidity across ecosystems
No wrapped tokens or synthetic versions

Key Features of USDG0

1. Economic Alignment (Shared Yield Model)

Partners, including networks, apps, and ecosystems, share upside from stablecoin adoption. This includes exposure to yield generated by underlying Treasury assets, a major departure from traditional stablecoins.

2. Yield Generation for Users

Users can earn Treasury-benchmarked yields directly inside integrated apps, making USDG0 competitive with newer yield-sharing stablecoins.

3. Seamless Interoperability

Built on LayerZero’s OFT, USDG0 moves across chains without:

Bridges
Liquidity pools
Wrapping/unwrapping
Additional risk vectors

4. Regulatory Guarantees

USDG0 inherits Paxos’ strongest features:

Full regulatory compliance
Monthly attestations and audits
Institutional-grade custody
1:1 USD backing

This reduces trust concerns commonly associated with multichain stablecoins.

Technical Architecture and Launch Partners

USDG0 uses LayerZero, a leading cross-chain messaging protocol, to maintain full fungibility across networks. The OFT implementation eliminates fragmentation, all USDG0 is the same token everywhere.

Initial deployments focus on three ecosystems:

1. Hyperliquid

USDG0 powers:

Deep liquidity across HyperEVM
Trading pairs under HIP-3
Yield on Hyperbeat’s Liquid Bank
Lending on HypurrFi

This enhances Hyperliquid’s positioning as a high-performance DeFi ecosystem.

2. Plume Network

Plume integrates USDG0 for:

Tokenized real-world yield
Modular DeFi development
Ecosystem growth incentives and grants

Plume positions itself as the home for tokenized yield strategies.

3. Aptos

The first Move-based, LayerZero OFT deployment.

Aptos Foundation will allocate:

Treasury support
Incentives
Stability funds

This reinforces Aptos’ push to become the “Chain of Choice for Stablecoins.”

Access to USDG0 is available via the official portal: usdg0.paxoslabs.com.

Why USDG0 Matters: Implications for DeFi and Global Finance

USDG0 signals a shift toward aligned stablecoin infrastructure, where ecosystems share economic benefits instead of relying on fragmented liquidity.

Key Industry Impacts

1. Greater Capital Efficiency

Omnichain liquidity reduces slippage, lowers bridging costs, and boosts DeFi yields.

2. Institutional Adoption

Combining compliance with omnichain interoperability could attract banks, fintechs, and institutional asset managers.

3. Stronger Global Access

USDG0 brings compliant USD value transfer to emerging chains and global markets, supporting:

Payments
Remittances
On-chain trading
Cross-border commerce

4. Competitive Pressure

USDG0 challenges incumbents like USDT, USDC, PYUSD by offering:

Yield sharing
Open economic alignment
Native omnichain mobility

Community & Media Reaction

USDG0 received strong early reactions on X:

Aptos community celebrated faster, cheaper stablecoin rails
LayerZero supporters highlighted USDG0 making dollars truly borderless
Hyperliquid builders emphasized lending and Liquid Bank integrations

Crypto outlets like 36crypto quickly covered the launch, describing it as a “LayerZero-powered omnichain upgrade.”

Analysts praised the incentive alignment, though some noted adoption will determine long-term competitiveness.

Future Outlook for USDG0

Paxos plans to expand USDG0 to:

Additional L1 and L2 ecosystems
New partners within the Global Dollar Network
Potential integrations with Kraken, Robinhood, and other fiat on-ramp platforms

Success metrics to watch include:

TVL (Total Value Locked)
Cross-chain transfer volumes
Partner ecosystem adoption
Yield participation rates

As blockchains become more interconnected, USDG0 could emerge as a benchmark for next-generation, omnichain, yield-aligned stablecoins, bridging TradFi stability with DeFi innovation.

Paxos Launches USDG0: What You Need to Know

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