According to CoinMeta, the Mantle network announced the launch of the stablecoin USDG issued by Paxos, and joined Global Dollar Network as a partner. USDG has become one of the first batch of natively minted stablecoins of Mantle; Mantle holders can receive a portion of the rewards generated from USDG activities. With a market value of approximately $3.18 billion, it is the seventh-largest stablecoin and operates under the regulatory frameworks of Singapore and the European Union. Paxos releases reserve reports on a monthly basis. USDG will be used for applications within the ecosystem as well as for institutional capital allocation. As of Wednesday, the value of Mantle's distributed real-world assets amounted to $234.2 million, representing a 19% increase over the past 30 days.