SKN | Mantle Adds Paxos USDG Stablecoin as Global Dollar Network Expands

• Mantle has launched Paxos-issued USDG natively on its Ethereum layer-2 network, making it one of the first stablecoins to be natively minted on Mantle.
• Mantle has joined the Global Dollar Network as a partner, allowing the network to participate in rewards generated by USDG activity.
• USDG arrives as Mantle’s tokenized real-world asset market expands, with distributed RWA value reaching $234.2 million, up 19% over 30 days.

USDG Launches Natively on Mantle

Paxos-issued USDG has launched natively on Mantle as the Ethereum layer-2 network expands its stablecoin infrastructure and deepens its connection to institutional digital-asset markets.

Under the integration announced Thursday, USDG can be natively minted on Mantle, making it one of the first stablecoins to receive native issuance support on the network. Mantle has also joined the Global Dollar Network as a partner, giving the network access to the reward-sharing structure associated with USDG activity.

The partnership adds Mantle to a growing ecosystem of more than 150 Global Dollar Network partners, including major crypto platforms such as Kraken and Robinhood.

For Mantle, the integration provides another stablecoin liquidity layer for decentralized finance applications while creating a mechanism through which the network can participate in economic activity generated by USDG across its ecosystem.

USDG Strengthens Mantle’s Stablecoin Mix

USDG had a market capitalization of approximately $3.18 billion, ranking it as the seventh-largest stablecoin tracked by DeFiLlama.

The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union. Paxos also publishes monthly reserve reports, providing recurring information on the assets backing USDG.

The addition gives Mantle another regulated stablecoin option alongside assets already available across the network, including Agora’s AUSD, Ethena’s USDe and Tether’s USDT0.

Mantle said USDG is expected to support decentralized finance applications throughout its ecosystem as well as institutional capital allocation. The combination could position the stablecoin as infrastructure for both onchain financial activity and larger pools of professional capital.

Global Dollar Network Expands Its Reach

Mantle’s entry into the Global Dollar Network adds another blockchain ecosystem to USDG’s distribution strategy.

The network’s reward-sharing model gives participating partners an economic incentive to expand the use of USDG and increase activity around the stablecoin. For Mantle, the arrangement potentially links stablecoin adoption with additional ecosystem incentives as liquidity develops on the layer-2 network.

The integration also reflects the increasingly competitive stablecoin market, where issuers are seeking deeper distribution across layer-2 networks, DeFi applications and institutional financial infrastructure.

Mantle’s RWA Market Continues to Grow

The USDG launch comes as Mantle’s tokenized real-world asset ecosystem records further growth.

Mantle held approximately $234.2 million in distributed RWA value as of Wednesday, according to RWA.xyz data. That represented a 19% increase over the previous 30 days.

The growth provides an additional backdrop for the stablecoin integration. Stablecoins can serve as settlement and liquidity infrastructure for tokenized assets, allowing capital to move between digital representations of real-world financial instruments and decentralized applications.

For Mantle, expanding both stablecoin availability and RWA activity could strengthen its positioning as an infrastructure layer connecting DeFi with institutional capital.

Outlook

The native launch of USDG gives Mantle another stablecoin option while connecting the layer-2 network to Paxos’ growing distribution ecosystem through the Global Dollar Network. The combination of native minting, reward sharing and rising RWA activity could increase the role of stablecoins in Mantle’s DeFi and institutional markets. As tokenized assets continue expanding, the availability of regulated and liquid dollar-denominated assets may become increasingly important to Mantle’s broader ecosystem strategy.