
Zhitong Finance has learned that issuer Paxos released the US dollar-pegged stablecoin Global Dollar (USDG-USD) to users across the European Union on Tuesday. The statement said that the stablecoin was provided by the retail trading platform Robinhood (HOOD).

The current total market value of stablecoins in the crypto market has exceeded 100 billion U.S. dollars, of which USDT, USDC, BUSD, and DAI account for over 95% of the entire centralized stablecoin market. With the popularity of the DeFi concept

Visa is expanding support for stablecoins, adding settlement support for three additional currencies as well as two new blockchains. Stablecoin adoption is surging, with total global transactions set to reach $27 trillion by 2024, according to Visa analysis