Alpaca Joins Global Dollar Network, Bringing USDG to Customers on Solana

Alpaca, a leader in brokerage infrastructure APIs, has joined the Global Dollar Network (GDN), marking a significant step in its crypto infrastructure by enabling support for USDG on the Solana blockchain, which offers high throughput and low costs. This integration allows for deposits and withdrawals beyond Ethereum and is seen as a major update in Alpaca's pursuit of multi-chain compatibility. USDG, a fully-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, complies with global stablecoin frameworks and provides a secure digital dollar settlement layer. Through this partnership, Alpaca's customers can access a trusted enterprise-grade stablecoin, contributing to faster and cost-effective access to stablecoins, while maintaining compliance and performance standards.