Global Dollar's USDG Eyes Hundreds of Partners Attracted by Yield, Sees 'Big Names' From TradFi [Yahoo! Finance]
Mastercard Incorporated (MA)
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Source: Yahoo! Finance
token in return for a share of the yield earned on reserve assets, according to crypto exchange Kraken, one of the founding partners. USDG, whose other backers include trading platform Robinhood (HOOD), stablecoin issuer Paxos, crypto investor Galaxy Digital and crypto bank Anchorage Digital, recently welcomed 19 new joiners, many of them crypto native firms. Banks and large traditional finance firms are also lining up, Kraken's consumer business lead Mark Greenberg said. “There are 25-plus partners now, and I hope in another month, we'll be announcing the next 25, and then the next 25. So from 25 to 50 to 1,000," Greenberg said in an interview. "I'm very excited about some of the partners coming up in traditional finance and in crypto — big names on both sides. We're talking to a lot of banks and I think a few will be coming online soon.” The changing dollar stablecoin landscape has been dominated by two big players: Tether's USDT, far and away the largest at a market cap of ov
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