TREE NEWS update: Upbit Singapore will list USDG (Global Dollar), a Solana-based stablecoin issued by Paxos, on its USDT market at 15:00 SGT on September 4. For the first five minutes after listing, sell orders will be restricted, and sell orders below 10% of the reference price will be rejected. USDG is pegged 1:1 to the US dollar.
Upbit Singapore to List Paxos USDG Stablecoin on Sept 4
This listing signals growing distribution for Paxos's USDG beyond its primary venues, and the choice of Solana underscores the network's role in stablecoin settlement. The short-term sell restrictions are a standard guard against listing-day volatility, suggesting exchange caution around liquidity depth. The significance lies in whether this expands institutional and retail access to a regulated stablecoin alternative, potentially shifting some volume from incumbent issuers. What matters next is whether other regional exchanges follow suit and how liquidity on the USDT pair develops post-listing.
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