TLDR Paxos has launched USDG0, an omnichain extension of its regulated USDG stablecoin. USDG0 uses LayerZero’s OFT standard to move seamlessly across multiple blockchains. The stablecoin expands liquidity to platforms like Hyperliquid, Plume, and Aptos. USDG0 eliminates the need for separate wrapped versions of USDG on different chains. The launch enhances yield-aligned trading and supports [...] The post Paxos Extends USDG Stablecoin to New Chains with USDG0 and LayerZero appeared first on Blockonomi.TLDR Paxos has launched USDG0, an omnichain extension of its regulated USDG stablecoin. USDG0 uses LayerZero’s OFT standard to move seamlessly across multiple blockchains. The stablecoin expands liquidity to platforms like Hyperliquid, Plume, and Aptos. USDG0 eliminates the need for separate wrapped versions of USDG on different chains. The launch enhances yield-aligned trading and supports [...] The post Paxos Extends USDG Stablecoin to New Chains with USDG0 and LayerZero appeared first on Blockonomi.
Paxos Extends USDG Stablecoin to New Chains with USDG0 and LayerZero
TLDR
- Paxos has launched USDG0, an omnichain extension of its regulated USDG stablecoin.
- USDG0 uses LayerZero’s OFT standard to move seamlessly across multiple blockchains.
- The stablecoin expands liquidity to platforms like Hyperliquid, Plume, and Aptos.
- USDG0 eliminates the need for separate wrapped versions of USDG on different chains.
- The launch enhances yield-aligned trading and supports new lending markets on Hyperliquid.
Paxos Labs has introduced USDG0, an omnichain version of its regulated USDG stablecoin. USDG0 brings fully-backed dollar liquidity to platforms like Hyperliquid, Plume, and Aptos. The integration leverages LayerZero’s OFT standard to move USDG0 across different blockchains while maintaining its regulatory protections and backing.
USDG0 Expands Across Multiple Chains with LayerZero’s OFT Standard
USDG0 allows USDG, a stablecoin governed by the Global Dollar Network, to extend beyond Ethereum and Solana. The use of LayerZero’s OFT standard ensures USDG0 remains a native asset on each supported chain. Paxos Labs emphasized that this structure eliminates the need for separate wrapped versions of USDG.
On platforms like Hyperliquid, USDG0 enhances yield-aligned trading and fosters new lending markets. Meanwhile, on Plume and Aptos, it powers modular DeFi solutions and tokenized yields. These applications will benefit from USDG0’s ability to transfer value between chains without relying on traditional bridges.
Paxos Reinforces its Leadership in Stablecoin Market
Paxos has processed over $180 billion in tokenization activity under regulatory oversight since 2018. The company issues three regulated stablecoins: USDP, PayPal’s PYUSD, and USDG. The launch of USDG0 further solidifies Paxos’ position in the growing stablecoin market.
Regulatory clarity in the United States, under the GENIUS Act, and in Europe, through MiCA, has supported stablecoin growth. As of now, the stablecoin market cap stands at $303.44 billion, reflecting significant expansion. USDG0’s arrival reflects the increasing demand for regulated, interoperable stablecoins in the decentralized finance ecosystem.
The post Paxos Extends USDG Stablecoin to New Chains with USDG0 and LayerZero appeared first on Blockonomi.
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