Paxos Launches USDG0 Omnichain Stablecoin on Three Chains
On November 24, Paxos launched USDG0, a fully backed omnichain stablecoin built on LayerZero’s OFT standard. USDG0 operates natively across Plume, Hyperliquid and Aptos, eliminating wrapped tokens and reducing cross-chain friction. The stablecoin maintains a 1:1 reserve model with cash and U.S. Treasuries, audited monthly by Withum. Plume supports RWA distribution with $645 million TVL and 280,000 active holders. Hyperliquid will integrate USDG0 into perpetual derivatives, lending markets and collateral rails. Aptos hosts the first Move-native OFT stablecoin, targeting compliance-focused enterprise applications. Paxos also launched a USDG0 Portal and cross-chain APIs to unify liquidity and lower bridge risks. Future integrations are planned for Solana, Ethereum, Ink and XLayer. This expansion aims to deliver regulated omnichain dollar liquidity, streamline DeFi integrations and boost adoption of US dollar–pegged assets.
Bullish
The USDG0 rollout across Plume, Hyperliquid and Aptos, backed by cash and Treasuries with monthly audits, reduces cross-chain friction and expands regulated dollar liquidity. In the short term, expect higher on-chain volume and integration in derivatives and lending markets. Long term, omnichain access, compliance credentials and planned expansion to Solana, Ethereum, Ink and XLayer should drive sustained demand and adoption of USDG0, supporting a bullish outlook for US dollar stablecoins.