Global Dollar USDG Eyes Hundreds of Partners Attracted by Yield, Sees 'Big Names' From TradFi

It's early days for the global dollar (USDG), a stablecoin that debuted in November, but a thousand firms could join the group that helps popularize the token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners. USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining up, Kraken's consumer business lead Mark Greenberg said.“There are 25-plus partners now, and I hope in another month, we'll be announcing the next 25, and then the next 25 source: https://www.coindesk.com/business/2025/05/22/stablecoin-consortium-usdg-will-see-thousands-of-firms-joining-says-kraken