The establishment of the Global Dollar Network (GDN) aims to accelerate stablecoin adoption, led by USDG, a compliant US dollar-backed stablecoin. By aligning incentives, offering regulatory support, and facilitating easier access for enterprises, GDN pushes for broader use of stablecoins, particularly on the fast and efficient Solana blockchain. With billions in stablecoin transactions daily, the initiative promotes collaboration among industry leaders to reinforce the growing PayFi ecosystem, a foundational layer for modern financial operations.
Stablecoins are ready to power global payments and fintechs, however, single issuer stablecoins fail to create the network effect necessary for broader adoption.
The Global Dollar Network builds on this momentum with a model designed to strengthen and scale the PayFi ecosystem, aligned with regulatory frameworks.
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