{
  "$schema": "https://degreesofsatoshi.com/encyclopedia/schemas/article-v1.json",
  "schemaVersion": "1.0.0",
  "id": "what-is-usdg",
  "canonical": "https://degreesofsatoshi.com/encyclopedia/what-is-usdg/",
  "collection": "stablecoins",
  "title": "What is Global Dollar (USDG)?",
  "description": "Learn what Global Dollar represents, which Paxos entities its terms name and why network-partner incentives differ from a return promised to every token holder.",
  "aliases": [
    "what is usdg",
    "What is Global Dollar (USDG)"
  ],
  "dates": {
    "published": "2026-10-02",
    "modified": "2026-10-02",
    "verified": "2026-10-02T19:26:58.461Z",
    "dataAsOf": "2026-10-02"
  },
  "authorship": {
    "publisher": "Degrees of Satoshi editorial project",
    "process": "AI-assisted research and drafting with a separate automated source-verification pass; no external expert or named human review is implied."
  },
  "quickAnswer": {
    "text": "Global Dollar, or USDG, is a dollar-referenced stablecoin associated with the Global Dollar Network. The Paxos terms checked on 2 October 2026 name Paxos Digital Singapore and Paxos Issuance Europe as its issuer entities. Direct redemption has account and regional conditions; network incentives should not be read as a guaranteed yield for every USDG holder.",
    "claimId": "what-is-usdg-quick-answer",
    "sourceIds": [
      "x425-sc-usdg",
      "x425-sc-paxos-terms"
    ]
  },
  "keyFacts": [
    {
      "label": "Reference",
      "value": "USDG is designed around one-for-one US-dollar redemption.",
      "sourceIds": [
        "x425-sc-usdg",
        "x425-sc-paxos-terms"
      ],
      "id": "reference",
      "claimId": "what-is-usdg-fact-reference"
    },
    {
      "label": "Entities",
      "value": "The terms identify Singapore and European Paxos entities for USDG.",
      "sourceIds": [
        "x425-sc-paxos-terms"
      ],
      "id": "entities",
      "claimId": "what-is-usdg-fact-entities"
    },
    {
      "label": "Network",
      "value": "Holding a token is different from qualifying for network-partner incentives.",
      "sourceIds": [
        "x425-sc-usdg"
      ],
      "id": "network",
      "claimId": "what-is-usdg-fact-network"
    }
  ],
  "prerequisites": [
    "cash-backed-stablecoins"
  ],
  "sections": [
    {
      "id": "roles",
      "heading": "Separate the asset from its distribution network",
      "sourceIds": [
        "x425-sc-usdg"
      ],
      "paragraphs": [
        "The Global Dollar Network connects participating businesses around USDG. Its descriptions include incentives for partners who hold, mint or accept the token. Those commercial arrangements are distinct from the basic token balance a wallet displays.",
        "A holder should ask which agreement, if any, governs a reward. An exchange promotion or partner revenue-sharing arrangement does not make USDG itself an automatically compounding savings instrument."
      ]
    },
    {
      "id": "redeem",
      "heading": "Redemption follows the applicable issuer relationship",
      "sourceIds": [
        "x425-sc-paxos-terms"
      ],
      "paragraphs": [
        "The Paxos terms distinguish registered customers from other users. They describe account-based redemption and requirements such as checks, scheduling and possible minimums. The relevant issuer and regional arrangement matter.",
        "For an illustrative customer redeeming 250 eligible token units at par, the reference credit is 250 dollars before applicable charges or other conditions. That is different from selling tokens through an exchange at its current quote."
      ]
    },
    {
      "id": "checks",
      "heading": "Inspect reserves and deployment separately",
      "sourceIds": [
        "x425-sc-usdg",
        "x425-sc-paxos-terms"
      ],
      "paragraphs": [
        "Read reserve disclosures at their observation date and distinguish cash-equivalent backing from a promise of immediate access in every circumstance. A reserve statement does not authenticate an arbitrary contract with the USDG symbol.",
        "Use the issuer’s current token and network records and the receiving platform’s supported routes. This entry describes the documented product as of its source date, not a ranking of stablecoin safety."
      ]
    }
  ],
  "faq": [
    {
      "question": "Does buying USDG automatically enroll me in the Global Dollar Network?",
      "answer": "A token purchase alone does not establish eligibility for the network’s business-partner arrangements. Rewards, participation rights and services depend on the applicable program terms.",
      "sourceIds": [
        "x425-sc-usdg",
        "x425-sc-paxos-terms"
      ]
    }
  ],
  "claims": [
    {
      "id": "what-is-usdg-quick-answer",
      "articleSlug": "what-is-usdg",
      "statement": "Global Dollar, or USDG, is a dollar-referenced stablecoin associated with the Global Dollar Network. The Paxos terms checked on 2 October 2026 name Paxos Digital Singapore and Paxos Issuance Europe as its issuer entities. Direct redemption has account and regional conditions; network incentives should not be read as a guaranteed yield for every USDG holder.",
      "sourceIds": [
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        "source-7a8cf58deabd271c"
      ],
      "sourceLocators": [
        {
          "sourceId": "source-c0931b5548352f9c",
          "locator": "USDG; network; issuer disclosures"
        },
        {
          "sourceId": "source-7a8cf58deabd271c",
          "locator": "Introduction; 2.7 Redemption; reserves"
        }
      ],
      "scope": {
        "collection": "stablecoins",
        "dataAsOf": "2026-10-02",
        "blockHeight": null
      },
      "qualification": "",
      "evidenceStatus": "documented",
      "verification": {
        "status": "verified",
        "method": "independent automated source review",
        "checkedAt": "2026-10-02T19:26:58.461Z",
        "reviewer": "Independent automated verification — Codex DeFi agent, separate from the stablecoin drafting agent",
        "notes": "Paxos current Singapore/Europe issuer entities checked; network partner rewards not automatic holder yield. 250-unit par example subject to conditions."
      }
    },
    {
      "id": "what-is-usdg-fact-reference",
      "articleSlug": "what-is-usdg",
      "statement": "Reference: USDG is designed around one-for-one US-dollar redemption.",
      "sourceIds": [
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      ],
      "sourceLocators": [
        {
          "sourceId": "source-c0931b5548352f9c",
          "locator": "USDG; network; issuer disclosures"
        },
        {
          "sourceId": "source-7a8cf58deabd271c",
          "locator": "Introduction; 2.7 Redemption; reserves"
        }
      ],
      "scope": {
        "collection": "stablecoins",
        "dataAsOf": "2026-10-02",
        "blockHeight": null
      },
      "qualification": "",
      "evidenceStatus": "documented",
      "verification": {
        "status": "verified",
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        "checkedAt": "2026-10-02T19:26:58.461Z",
        "reviewer": "Independent automated verification — Codex DeFi agent, separate from the stablecoin drafting agent",
        "notes": "Paxos current Singapore/Europe issuer entities checked; network partner rewards not automatic holder yield. 250-unit par example subject to conditions."
      }
    },
    {
      "id": "what-is-usdg-fact-entities",
      "articleSlug": "what-is-usdg",
      "statement": "Entities: The terms identify Singapore and European Paxos entities for USDG.",
      "sourceIds": [
        "source-7a8cf58deabd271c"
      ],
      "sourceLocators": [
        {
          "sourceId": "source-7a8cf58deabd271c",
          "locator": "Introduction; 2.7 Redemption; reserves"
        }
      ],
      "scope": {
        "collection": "stablecoins",
        "dataAsOf": "2026-10-02",
        "blockHeight": null
      },
      "qualification": "",
      "evidenceStatus": "documented",
      "verification": {
        "status": "verified",
        "method": "independent automated source review",
        "checkedAt": "2026-10-02T19:26:58.461Z",
        "reviewer": "Independent automated verification — Codex DeFi agent, separate from the stablecoin drafting agent",
        "notes": "Paxos current Singapore/Europe issuer entities checked; network partner rewards not automatic holder yield. 250-unit par example subject to conditions."
      }
    },
    {
      "id": "what-is-usdg-fact-network",
      "articleSlug": "what-is-usdg",
      "statement": "Network: Holding a token is different from qualifying for network-partner incentives.",
      "sourceIds": [
        "source-c0931b5548352f9c"
      ],
      "sourceLocators": [
        {
          "sourceId": "source-c0931b5548352f9c",
          "locator": "USDG; network; issuer disclosures"
        }
      ],
      "scope": {
        "collection": "stablecoins",
        "dataAsOf": "2026-10-02",
        "blockHeight": null
      },
      "qualification": "",
      "evidenceStatus": "documented",
      "verification": {
        "status": "verified",
        "method": "independent automated source review",
        "checkedAt": "2026-10-02T19:26:58.461Z",
        "reviewer": "Independent automated verification — Codex DeFi agent, separate from the stablecoin drafting agent",
        "notes": "Paxos current Singapore/Europe issuer entities checked; network partner rewards not automatic holder yield. 250-unit par example subject to conditions."
      }
    }
  ],
  "sources": [
    {
      "id": "x425-sc-usdg",
      "label": "Global Dollar",
      "publisher": "Global Dollar Network",
      "url": "https://globaldollar.com/",
      "locator": "USDG; network; issuer disclosures",
      "note": "Product identity and distinction between network participation and holding the stablecoin.",
      "version": "Document retrieved 2026-10-02; content hash recorded",
      "checkedAt": "2026-10-02T18:51:08.490Z",
      "contentSha256": "3fdebbadcffd49424a95a9f68a3599348244f4d76324399d22ad5bcb3a1c6229",
      "recordId": "source-c0931b5548352f9c"
    },
    {
      "id": "x425-sc-paxos-terms",
      "label": "USD stablecoin terms",
      "publisher": "Paxos",
      "url": "https://www.paxos.com/terms-and-conditions/stablecoin-terms-conditions",
      "locator": "Introduction; 2.7 Redemption; reserves",
      "note": "Current issuer entities and account-based redemption of USDG and USDP, with conditions and limits.",
      "version": "Document retrieved 2026-10-02; content hash recorded",
      "checkedAt": "2026-10-02T18:51:08.354Z",
      "contentSha256": "aea3ef4b875160c4224a7a9bdb9629d602f128a8a1dc36bd67fd446f098dce34",
      "recordId": "source-7a8cf58deabd271c"
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  ],
  "related": {
    "articles": [
      "stablecoin-yield-sources",
      "stablecoin-reserve-reports",
      "what-is-usdp",
      "what-is-rlusd"
    ],
    "dossiers": [],
    "wallets": []
  },
  "revisionHistory": [
    {
      "date": "2026-10-02",
      "kind": "published",
      "summary": "First publication after primary-source research and separate automated verification."
    }
  ],
  "citation": "Degrees of Satoshi editorial project. “What is Global Dollar (USDG)?.” Published 2026-10-02; updated 2026-10-02. https://degreesofsatoshi.com/encyclopedia/what-is-usdg/"
}