Why 50+ Companies Use $USDG Instead of Building Their Own Stablecoin

Season 5 of Stableminded explores Global Dollar Network, a revolutionary stablecoin model where $USDG shares rewards earned from reserves.

Every platform needs a stablecoin strategy, but building one from scratch means navigating regulation, fragmented liquidity, and complex economics.

Global Dollar Network changes this entirely with an open network that rewards enterprises who help grow adoption for USDG, a regulated stablecoin. This differs from the legacy model where the issuer keeps all of the yield for themselves.

In this episode, Ronak Daya, Head of Product at Paxos, breaks down how this revolutionary approach works and why 50+ partners chose to join the network instead of building their own stablecoins.

What You'll Learn:
- How Global Dollar Network gives any business stablecoin benefits without the complexity
- Why the open network model beats building isolated stablecoins
- The revenue-sharing system that distributes Treasury yield to network participants
- Real implementations: Kraken's 4.1% rewards, OKX integration, Worldpay settlement

Key Timestamps:
00:00 - The stablecoin fragmentation problem
02:24 - Ronak's background: Square, Coinbase, crisis navigation
14:07 - What is Global Dollar Network and USDG?
21:54 - PayPal vs Global Dollar Network approach
29:31 - Network partners and real-world implementations
38:42 - The network effect and economics design
44:00 - How attribution and rewards actually work

Partners include some of the world's leading enterprises like Robinhood, Kraken, OKX, Paxos and others. USDG is issued by Paxos Digital Singapore, which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is also issued by Paxos Issuance Europe under the supervision of FIN FSA and in compliance with MiCA.

Guest: Ronak Daya, Head of Product at Paxos
Host: Drew Rogers

Follow Global Dollar Network: @global_dollar
Follow Paxos: @Paxos
Follow Ronak: @ronakdaya

Season 5 of Stableminded is powered by Global Dollar Network. Learn more at: https://globaldollar.com/global-dollar

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