Kraken, Galaxy Digital, and Robinhood back USDG via Global Dollar Network

Prominent cryptocurrency-focused firms like Kraken, Galaxy Digital, and Robinhood have joined forces to back the Global Dollar, a regulated yield-bearing stablecoin developed by stablecoin issuer Paxos. According to a Nov. 5 announcement, Paxos, in partnership with Anchorage Digital, Bullish, Galaxy…