Paxos has launched USDG0, a groundbreaking omnichain stablecoin designed to enable seamless cross-chain transactions across multiple blockchain networks. Built on LayerZero's Omnichain Fungible Token (OFT) standard, USDG0 eliminates the need for traditional bridging mechanisms, allowing users to transfer value consistently between supported chains without delays or high fees.
The stablecoin initially supports Ethereum, Solana, Injective, X Layer, Hyperliquid, Plume, and Aptos, with plans for potential expansion. Key benefits include reduced transaction costs by avoiding multiple conversion steps, faster settlement times, and enhanced liquidity across decentralized finance (DeFi) ecosystems. USDG0 operates as a single native asset across chains, locking tokens on the source chain and minting equivalents on the destination chain almost instantly.
Paxos, a regulated entity with over $180 billion in tokenization activity since 2018, emphasizes that USDG0 maintains the same regulatory protections and 1:1 dollar backing as its existing USDG stablecoin. This launch aligns with growing stablecoin adoption, driven by regulatory clarity from the GENIUS Act in the U.S. and MiCA in Europe, with the global stablecoin market cap now at $303.44 billion, up nearly $100 billion since early 2025.
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