LayerZero Details Strategy Behind USDG Stablecoin Growth to $3.1B Market Cap
- —USDG market capitalization reached $3.1 billion in October 2026
- —Cumulative cross-chain transfers of USDG surpassed $3.9 billion by September
- —USDG is natively issued on Ethereum, Solana, Ink, X Layer and Robinhood Chain, plus USDG0 on Hyperliquid
- —Transfers to Robinhood Chain exceeded $500 million in the first two months after its July 2026 launch
Why it matters: The OFT standard lets Paxos scale USDG without building separate infrastructure for each chain, intensifying competition among stablecoins.
Source: Crypto Economy