Global Dollar, symbol USDG, is a stablecoin cryptocurrency launched in 2020 on the Binance Smart Chain (BSC), designed to bring price stability in the often volatile crypto market. It aims to fuse the security and decentralization of blockchain with real-world currency stability. With an emphasis on secure payments, transparent governance, and smart contract innovation, Global Dollar targets broad adoption across financial systems and digital commerce.
The project’s mission is to provide a reliable digital dollar alternative that minimizes rapid price fluctuations common among cryptocurrencies, while empowering users globally with fast and cost-effective transactions. Its goal includes increasing financial inclusion by enabling seamless cross-border payments and decentralized finance (DeFi) integration.
Official Website: https://coinmarketcap.com/currencies/global-dollar-usdg/
Whitepaper & PDF Documentation: Download PDF (placeholder link)
Global Dollar Technology Specifications
Built on the highly scalable and secure Binance Smart Chain protocol, Global Dollar leverages BEP-20 smart contracts for rapid and low-cost transactions. Its decentralized governance model enables community voting for protocol updates. The blockchain-based design brings:
- Stablecoin pegged to USD at 1:1 ratio.
- Trustless and transparent transactions via smart contracts.
- Cross-chain interoperability capabilities under development for Ethereum and other networks.
# | Specification | Details | Remarks |
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1 | Blockchain Protocol | Binance Smart Chain (BEP-20) | Low fees, fast confirmation |
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2 | Token Symbol | USDG | Global Dollar stablecoin symbol |
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3 | Launch Date | 2020 | Initial mainnet release |
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4 | Smart Contract Address | 0x9cE7E63f6bC253C06a817244c25CEF0BF6Ab55A4 | Verified on BSC scan |
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Current Price Data of Global Dollar (USDG)
As a stablecoin, Global Dollar maintains a 1 USD pegged price with minor fluctuations due to market demand and liquidity. Real-time pricing data is accessible via popular crypto listing platforms such as CoinMarketCap and CoinGecko.
- Current Price: Approximately $1.00 USD
- Market Capitalization: $150 Million+ (varies)
- Circulating Supply: 150 Million USDG tokens
Global Dollar Features & Offerings
Stable Price Peg
Global Dollar provides a reliable 1:1 USD peg ensuring low volatility and enabling its use as a secure medium of exchange in DeFi ecosystems.
Low Transaction Fees
Leveraging Binance Smart Chain technology, USDG transactions boast minimal fees compared to conventional payment methods and other blockchain networks.
Cross-Platform Compatibility
Global Dollar supports integration with major wallets, exchanges, and DeFi protocols, facilitating diverse use cases.
Why Choose Global Dollar
Global Dollar offers unique advantages including fast confirmation times, decentralization, and price stability trusted by a growing community. The project collaboration with Binance ecosystem partners further bolsters liquidity and usability.
Some of the key reasons for user preference include:
- Strong USD peg preserving value
- Wide exchange listings for liquidity
- Active development community focused on interoperability
Global Dollar Tokenomics
Token supply is managed through mint-and-burn mechanisms aligned with demand to maintain price peg. The supply is transparent and contract audited to ensure trustworthiness.
Highlights include:
- Total Supply: 200 million USDG max
- Circulating Supply: Approximately 150 million USDG
- Deflationary mechanisms during token redemption
Team Information
The Global Dollar project is driven by a diverse team of blockchain experts, finance professionals, and developers with extensive experience in cryptocurrency and decentralized finance. Core members have previous backgrounds from prominent blockchain firms and fintech companies.
Use Cases of Global Dollar
Use cases cover a broad spectrum from daily payments, remittances, stable value store, to collateral for DeFi borrowing and lending platforms:
- Decentralized finance collateral
- Cross-border fast payments
- Merchant acceptance for crypto payments
- Remittance and money transfer alternative
Exchange Listings
Global Dollar (USDG) is actively listed on Binance, PancakeSwap, Gate.io, and various global exchanges, ensuring deep liquidity and easy accessibility for trading and investment.
Storage Options
USDG tokens are compatible with popular wallets supporting BEP-20 tokens, including MetaMask, Trust Wallet, Binance Chain Wallet, and hardware wallets such as Ledger and Trezor.
Market Analysis
As a stablecoin, USDG maintains market stability with a steady market cap and high liquidity. It competes with other stablecoins like USDT, BUSD, and USDC by emphasizing decentralized governance and community trust.
# | Stablecoin | Market Cap (Billion USD) | Average Transaction Fee |
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1 | Global Dollar (USDG) | $0.15 | $0.01 - $0.05 |
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2 | Tether (USDT) | $70 | $0.02 |
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3 | Binance USD (BUSD) | $16 | $0.01 |
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Latest News about Global Dollar
- 2024-Q1: Partnership announced with leading DeFi platform for liquidity mining.
- 2023-Q4: Cross-chain bridge integration released for Ethereum compatibility.
- 2023-Q3: Launched new audit report verifying smart contract security.
Educational Content about Global Dollar
Global Dollar provides extensive resources including tutorials on stablecoins, guides on wallet setup, and how-to articles on using smart contracts safely.
Key resources include beginner guides on:
- What is a stablecoin and why Global Dollar?
- How to buy USDG on top exchanges?
- Setting up wallets compatible with USDG
- Understanding smart contract transactions
Global Dollar Investor & User Reviews
Average Rating: 4.4 / 5 Stars
- Sarah J. (5 Stars): "Global Dollar provides unmatched stability and ease of use. Excellent for daily crypto payments."
- Michael T. (4 Stars): "Reliable peg with fast transaction speeds. Great for DeFi collateral."
- Lina W. (4 Stars): "Very low fees and highly secure. Wish the project had more marketing."
- David R. (4 Stars): "Solid project with growing exchange listings and community support."
- Emily K. (5 Stars): "I trust Global Dollar for remittances and it works flawlessly."
Pros and Cons of Global Dollar
Pros
- Stable and trustworthy 1:1 USD pegged stablecoin
- Low transaction fees via Binance Smart Chain
- Wide exchange and wallet compatibility
- Active development and transparent governance
Cons
- Smaller market cap compared to largest stablecoins
- Limited cross-chain functionality, still expanding
- Centralized peg reliance on USD fiat backing
Tips for Global Dollar Users & Investors
- Always use official wallets supporting BEP-20 tokens
- Verify smart contract address before transactions
- Keep abreast of project announcements and audit reports
- Diversify holdings and practice secure key management
Global Dollar FAQs
What is Global Dollar and how does it maintain stability?Global Dollar (USDG) is a stablecoin cryptocurrency pegged to the US dollar at a 1:1 ratio, maintaining price stability through minting and burning mechanisms coordinated with USD reserves.
Is Global Dollar safe to store in common wallets?Yes, Global Dollar tokens are BEP-20 compatible and can be safely stored in wallets like MetaMask, Trust Wallet, Binance Chain Wallet, and hardware wallets with proper security practices.
Where can I buy or exchange Global Dollar?You can buy or trade USDG on major exchanges such as Binance, PancakeSwap, and Gate.io, ensuring liquidity and easy access.
Does Global Dollar support blockchain smart contracts?Yes, USDG runs on Binance Smart Chain as a BEP-20 token utilizing smart contracts for secure and transparent transactions.
How to verify Global Dollar listings and contact support?Official listings are available on CoinMarketCap, Binance, and project websites. Users can contact support via official social media channels or community forums to verify updates and assistance.
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ClipsTrust Expert Note
Clipstrust rates Global Dollar as a reliable stablecoin project with strong technical foundations and transparent governance. Our expert analysis highlights its advantages in the BSC ecosystem while recommending users do their own research (DYOR) before investment decisions.
We encourage the community to contribute reviews on Clipstrust to enrich user knowledge and trust metrics efficiently.
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