USD-pegged · fiat-backed · #7 by USD value
Global Dollar (USDG) is a USD-pegged fiat-backed stablecoin, backed by cash reserves (paxos). It currently ranks #7 among tracked stablecoins by circulating supply, and is deployed across 6 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| X Layer | 56.8% | $1.85B |
| Solana | 19.7% | $640.1M |
| Ethereum | 12.9% | $419.5M |
| Robinhood Chain | 9.4% | $305.2M |
| Ink | 1.2% | $39.1M |
| Hyperliquid L1 | 0.1% | $1.7M |
Global Dollar (USDG) is a USD-pegged stablecoin backed by cash reserves (paxos). Its peg mechanism is fiat-backed, and it currently ranks #7 among tracked stablecoins by circulating supply.
USDG has a circulating supply of $3.26B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USDG is backed by Cash reserves (Paxos). This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USDG is deployed across 6 blockchains, with X Layer holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USDG shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; USDG ranks #7.
| Full Name | Global Dollar |
| Symbol | USDG |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Cash reserves (Paxos) |
| Chains Deployed | 6 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |