Why usdg Is Trending Today?

VeChain has announced a significant stablecoin overhaul. The existing USDGLO stablecoin will be phased out, and users will be migrated to USDC, a leading stablecoin in the market. The migration process will begin in Q2 2023, with VeChain providing detailed instructions for users to smoothly transition to USDC.

Paxos, a leading regulated blockchain infrastructure platform, has launched USDG0, an innovative stablecoin that enables seamless cross-chain transactions. This new development extends Paxos' existing regulated stablecoin, USDG, to multiple blockchains, including those that support the LayerZero protocol. The introduction of USDG0 marks a significant step towards creating an omnichain stablecoin ecosystem, allowing users to transact across different blockchains with ease.

OKX joins Paxos' USDG network, bolstering its stablecoin strategy.