Paxos-issued USDG adds $94M on Robinhood Chain in 30 days

Robinhood Chain launched on July 1, 2026, and the stablecoin it was built around is already pulling serious numbers. USDG, the Paxos-issued Global Dollar stablecoin, grew by $93.9 million on Robinhood Chain in the past 30 days alone, making it the single fastest-growing chain for USDG supply. From zero to $333M in one month In the first week after launch, more than $178 million worth of USDG was issued on Robinhood Chain. By the end of July, the stablecoin’s total market cap on the network had climbed to roughly $333 million. The driver is straightforward: Robinhood’s Earn product, which launched alongside the chain, offers users around 7% annual percentage yield on USDG holdings. The yield comes through self-custodial lending, routed via Morpho vaults. What USDG actually is USDG is issued by Paxos entities operating under regulatory oversight in Singapore and Europe. It is backed 1:1 by cash and high-quality liquid assets, primarily US Treasuries. Robinhood Chain itself is built on Arbitrum, making it an Ethereum Layer-2 network optimized for tokenized assets and on-chain finance. Amplify Transit and the liquidity infrastructure Alongside USDG’s growth, Paxos Labs introduced a too...