Robinhood, Kraken, Paxos, and other major finance firms have launched the Global Dollar Network, a compliance-driven system for stablecoin adoption worldwide. The new USDG stablecoin, issued by Paxos from Singapore, is pegged 1:1 to the US dollar and is currently available on Ethereum. Managed by DBS Bank, USDG will expand to additional blockchains as regulations progress, inviting qualified fintechs and custodians into the network.