Paxos's USDG logs $21.8 billion in Uniswap volume in September
- —USDG volume on Uniswap in September was $21.8 billion, or 98% of its DEX trading
- —Turnover was nearly 7 times the stablecoin's $3.2 billion issuance
- —USDG's TVL in DEX pools exceeds $600 million
- —USDG pairs accounted for about 31% of Uniswap's monthly volume of more than $70 billion
Why it matters: The growth shows that integration with new Uniswap v4 infrastructure can give a stablecoin volumes comparable to major assets even with modest issuance.
Source: Crypto Briefing