Paxos has unveiled USDG0, an omnichain stablecoin designed to facilitate cross-chain transactions without bridging mechanisms. Built on LayerZero’s OFT standard, USDG0 supports Ethereum, Solana, Injective, and X Layer, aiming to lower transaction costs and improve settlement times. The stablecoin adheres to Paxos’s regulatory compliance and transparency standards, addressing blockchain interoperability challenges and enhancing liquidity across supported networks.
Paxos Introduces USDG0 Stablecoin for Cross-Chain Transactions
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