Hyperliquid News Today: Paxos Introduces USDG0: Compliant Stablecoin Designed for Cross-Chain DeFi
- Paxos launches USDG0, an omnichain stablecoin built on LayerZero's OFT protocol to enable cross-chain dollar-backed liquidity without wrapped tokens. - Plume, Hyperliquid, and Aptos lead USDG0's launch, with Plume emphasizing its role in RWA innovation for 280,000+ holders and $645M TVL. - USDG0 maintains 1:1 USD backing and regulatory compliance via GDN, differentiating itself from USDT/USDC through institutional-grade cross-chain flexibility. - The launch aligns with U.S. GENIUS Act and MiCA regulation
Paxos Labs has introduced USDG0, an omnichain stablecoin crafted to broaden the presence of its regulated USDG stablecoin throughout various blockchain networks. Utilizing LayerZero's Omnichain Fungible Token (OFT) framework, USDG0 allows for smooth, cross-chain movement of dollar-pegged liquidity without the need for wrapped assets or standard bridging solutions. The stablecoin's initial rollout features
USDG0 functions as a cross-chain version of Paxos's USDG, which is entirely backed by U.S. dollars on a 1:1 basis and overseen by the Global Dollar Network (GDN). When users move USDG to a different blockchain, USDG0 is created on the target chain while the original USDG is secured in audited smart contracts. This approach maintains regulatory standards and transparency, while also enabling fast, affordable cross-chain transfers. The integration makes use of LayerZero's OFT protocol, which supports native token existence across multiple chains and keeps supply synchronized in real time.
Plume, a prominent RWA blockchain, has incorporated USDG0 into its network, joining Hyperliquid and Aptos as early adopters of the stablecoin.
This launch coincides with major regulatory shifts, such as the U.S. GENIUS Act and the MiCA regulations in Europe, both of which have accelerated stablecoin adoption. USDG0 enters a competitive landscape dominated by Tether's
Hyperliquid and Aptos are also adopting USDG0 for decentralized finance applications. Hyperliquid will use the stablecoin in its trading and lending platforms, while Aptos aims to implement it in modular DeFi frameworks and enterprise payment systems. The stablecoin's capacity to transfer between
Industry experts observe that the introduction of USDG0 comes as demand for interoperable DeFi solutions grows. With Bitcoin's price swings continuing, stablecoins such as USDG0 provide a dependable option for liquidity and transferring value. With $645 million in TVL on Plume alone, the adoption of this stablecoin could accelerate as more projects seek cross-chain operability and regulatory certainty.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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