Paxos Expands Global Dollar Network: Amina Bank and Reap Adopt USDG Stablecoin

Paxos has enhanced its Global Dollar Network by integrating two new members: Amina Bank (a Swiss-regulated institutional bank) and Reap (a Hong Kong-based business payments platform). This expansion significantly broadens the reach of the regulated stablecoin, USDG.

Key Additions and Their Roles

• Amina Bank (Switzerland):
  • Supervised by FINMA, the bank is adding USDG to its stablecoin offerings (which already include USDT, USDC, EURC, and RLUSD).
  • It will provide custody, trading, and rewards (up to 4% annual returns) to its professional and institutional clients, demonstrating growing institutional demand for compliant digital dollar access.
• Reap (Hong Kong):
  • The business payments platform has joined to integrate USDG settlement into its corporate card programs, treasury management, and cross-border payment rails.
  • This targets clients across Asia, Africa, and Latin America, enabling faster, more capital-efficient settlements for both Web3 and traditional enterprises.

Paxos and USDG Details

• USDG is issued by Paxos Digital Singapore (supervised by the MAS) and Paxos Issuance Europe (compliant with EU MiCA).
• The stablecoin is primarily backed one-to-one by U.S. government bonds.
• The Global Dollar Network now includes major platforms like Robinhood, Kraken, OKX, and Galaxy, aiming to advance regulated digital dollar adoption.

Paxos states that these integrations facilitate secure, compliant access to digital dollars for financial institutions, while Reap and Amina plan to embed USDG capabilities across their respective platforms to bridge traditional and blockchain finance.