Hello, Mobee users!

We are excited to announce that Global Dollar (USDG) is now available on the Mobee app.

About Global Dollar

Global Dollar (USDG) is a stablecoin pegged 1:1 to the US dollar, issued by Paxos Digital Singapore Pte. Ltd. (PDS) under the supervision of the Monetary Authority of Singapore (MAS) as a Major Payments Institution for digital payment token services.

Unlike typical volatile crypto assets, USDG is not a speculative asset but a digital representation of the US dollar, fully backed by reserve assets held in segregated trust accounts, with monthly independent attestations and annual audits of those reserves.

What Sets Global Dollar Apart

  • Fully Backed 1:1 by Dollar Reserves - USDG is fully backed (1:1) by reserve assets consisting of cash and cash equivalents held in segregated trust accounts, protected from issuer bankruptcy risk, and verified through monthly independent attestations and annual audits.
  • Part of the Global Dollar Network - Unlike other stablecoins, USDG is supported by the Global Dollar Network (GDN), a consortium of over 150 institutional partners including Kraken and Robinhood, which shares interest income from reserve assets to drive the expansion of the USDG acceptance ecosystem.
  • Built on Ethereum - As an ERC-20 token on the Ethereum network, USDG connects with the largest DeFi ecosystems and crypto wallets, while benefiting from the security of the main Ethereum network.
  • Regulated by the Monetary Authority of Singapore (MAS) - The issuer is subject to the MAS stablecoin regulatory framework, including capital requirements, periodic inspections, and the segregation of reserve assets from the issuer's operational assets.
  • Redeemable 1:1 Anytime - USDG can be redeemed for US dollars at a 1:1 ratio 24/7, independent of conventional banking hours.

USDG Token

  • Network: Ethereum
  • Token standard: ERC-20
  • Issuer: Paxos Digital Singapore Pte. Ltd. (PDS)
  • Regulator: Monetary Authority of Singapore (MAS), as a Major Payments Institution
  • Collateral ratio: 1:1 with US dollar reserve assets (cash and cash equivalents), held in segregated trust accounts
  • Verification: monthly independent attestations and annual audits of reserve assets

Important note: Global Dollar (USDG) is a stablecoin designed to maintain a 1:1 value with the US dollar; however, it is not a bank account and is not insured by any deposit insurance institution. The stability of its value depends on the issuer's management of reserve assets and general market conditions, meaning that the risk of depegging or redemption disruptions remains, however unlikely. Please ensure you understand these mechanisms and align your decisions with your individual risk profile before transacting.

Start trading USDG now and discover more opportunities in the world of digital assets with Mobee.

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