Paxos launches omnichain version of its USDG stablecoin

Paxos has launched USDG0, an omnichain version of its dollar-pegged stablecoin USDG, Cointelegraph reported. The new token is built on LayerZero's Omnichain Fungible Token (OFT) standard, enabling its use across the Ethereum, Solana, Injective, and X Layer networks.