The Paxos-issued Global Dollar (USDG) stablecoin has rapidly grown past a $500 million market valuation, a surge largely attributed to its innovative revenue-sharing model. Unlike traditional stablecoins where the issuer retains all revenue from the underlying reserves, the Global Dollar Network (GDN) distributes network revenue to its partners.

This economic incentive has attracted over 20 major financial and fintech companies, including Kraken, Mastercard, Robinhood, and Worldpay, who are integrating USDG and sharing in its growth. By rewarding partners for their contributions, the network aims to accelerate adoption and create a more equitable ecosystem.

This milestone follows USDG's recent launch in the European Union under MiCA regulations, making it available to 450 million consumers across 30 countries. The stablecoin is also regulated by authorities in Finland (FIN-FSA) and Singapore (MAS), positioning it as a compliant, global alternative in the competitive stablecoin landscape. The strategy signals a shift from a winner-take-all model to a collaborative, network-based approach to scaling a stablecoin.