TREE NEWS update: Mantle has added Paxos-issued USDG as a natively minted stablecoin, integrating it into its ecosystem. The move also sees Mantle join the Global Dollar Network, a network that shares rewards from USDG’s reserves with participating platforms. This integration aims to expand stablecoin utility within Mantle’s DeFi applications.
Mantle adds Paxos’ USDG stablecoin, joins Global Dollar Network
AI take
Mantle's native integration of Paxos-issued USDG marks a strategic shift toward revenue-sharing stablecoin models, as the Global Dollar Network's reserve-reward structure could incentivize deeper liquidity and usage within Mantle's DeFi ecosystem. This move signals growing competition among L1/L2 chains to attract regulated stablecoin issuers, potentially altering how platforms monetize stablecoin reserves. The key watchpoint is whether other major chains follow suit, which could reshape stablecoin distribution dynamics and reward flows across DeFi.
Generated by AI for reference only.
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