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USDG stablecoin launches natively on Mantle, boosting DeFi liquidity and institutional use on the Ethereum layer-2 network.

Protocol Fundamentals
03 Sep 2026
Crypto news
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Bullish
USDG stablecoin launches natively on Mantle, boosting DeFi liquidity and institutional use on the Ethereum layer-2 network.

USDG, a stablecoin issued by Paxos, is now natively available on Mantle, an Ethereum layer-2 network, allowing direct minting without third-party bridges. This integration enhances DeFi liquidity and institutional settlement options on Mantle, which has joined the Global Dollar Network with over 150 partners. USDG circulation is around $3.18 billion, ranking seventh among stablecoins. Mantle's tokenized asset ecosystem is growing rapidly, with over $230 million in real-world assets and nearly 700 tokenized products. The move supports Mantle's goal of expanding regulated dollar assets and on-chain financial strategies, though U.S. regulatory rules still affect access to some tokenized products.

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