This novel omni-network asset introduces comprehensively collateralized USD solvency to Hyperliquid, Plume, and Aptos, simultaneously maintaining an undivided, authorized provision throughout all chains.
Paxos Labs debuted USDG0, an omni-network iteration of its authorized USDG stablecoin, which delivers comprehensively collateralized USD solvency to Hyperliquid, Plume, and Aptos via LayerZero’s OFT protocol.
As per a Paxos Labs announcement on X this Tuesday, USDG0 broadens the reach of USDG—a 1:1 dollar-pegged stablecoin issued by Paxos and managed by the Global Dollar Network—to new chains without generating distinct wrapped iterations.
Utilizing LayerZero’s OFT protocol, USDG0 may circulate across diverse blockchains as a sole inherent asset, retaining the identical authorized safeguards and collateralized support as the USDG token on Ethereum, Solana, Ink, and X Layer.
Paxos Labs stated that this preliminary deployment illustrates how various networks can integrate the stablecoin’s economic mechanisms. On Hyperliquid, USDG0 will facilitate yield-centric exchanges and novel credit platforms, while Plume and Aptos intend to employ it for fueling modular DeFi, tokenized returns, and enterprise-level stablecoin railways.
Through all three environments, USDG0 is intended to empower applications to integrate dollar solvency into their offerings, accrue returns linked to Treasury standards, and convey value across chains without depending on conventional cross-chain mechanisms.
The corporation asserted the undertaking showcases “how authorized infrastructure converges with DeFi’s composability and how trusted currency becomes genuinely boundary-free.”
Since 2018, Paxos has processed over $180 billion in asset tokenization activity supervised by worldwide regulatory bodies. The firm manages three authorized dollar-pegged stablecoins: USDP, PayPal’s PYUSD, and USDG.
Stablecoins Across the Globe
Regulatory certainty within the United States under the GENIUS Act and across Europe via the Markets in Crypto-Assets (MiCA) framework has fostered a boom in stablecoin uptake. Based on DefiLlama metrics, the stablecoin market capitalization totals $303.44 billion, a rise of almost $100 billion since the annum’s inception was registered.
Although the stablecoin environment continues to be ruled by Tether’s USDt and Circle’s USDC, numerous alternative contenders have been introduced to the sector this year from across the globe.
In October, Western Union declared intentions to debut USDPT, a US dollar-linked stablecoin issued by Anchorage Digital Bank on Solana. The asset is purposed to link the corporation’s digital and conventional payment channels and bolster its worldwide fund-transfer and treasury management duties.
Within the identical calendar period, JPYC, a Tokyo-headquartered fintech enterprise, debuted Japan’s inaugural yen-backed stablecoin, a 1:1 yen-pegged asset supported by bank holdings and sovereign debt instruments.
In Europe, a consortium comprising nine financial institutions proclaimed in September that a stablecoin pegged to the euro will be introduced by them, competing with the growth of dollar-supported stable assets. The digital currency is anticipated to debut during the latter six months of 2026.
