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Gate joins Global Dollar Network as a first-tier partner, leading stablecoin adoption
In a significant development for the crypto landscape, Gate has announced its participation in the Global Dollar Network (GDN) as a first-tier partner. This move is aimed at further accelerating the growth of stablecoins and enhancing financial inclusivity worldwide.
As part of this partnership, Gate will now offer its 34 million-strong user base access to USDG, a fully backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe. USDG is committed to regulatory compliance and transparency, ensuring seamless cross-border transactions and payments across multiple blockchains.
Gate’s integration with GDN signals the exchange’s commitment to fostering innovation in the PayFi ecosystem. The move comes amid growing demand for stablecoins as a secure means of conducting business globally.
By joining forces with GDN, Gate has taken a crucial step towards establishing itself as a market leader in promoting financial inclusivity and transparency. This development is expected to have far-reaching implications for the global crypto landscape.
In related news, it was reported that Visa became the first traditional finance player to join GDN earlier this year, marking a significant milestone in the expansion of stablecoins into mainstream finance.
Source: cryptobriefing.com
