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Cryptocurrency News Articles
PDAX Lists $USDG: What You Need to Know About the Paxos-Backed Stablecoin
Mar 21, 2025 at 05:50 pm
The locally licensed crypto platform Philippine Digital Asset Exchange (PDAX) recently announced the listing of $USDG, a U.S. dollar-backed stablecoin
output: Philippine cryptocurrency exchange, Philippine Digital Asset Exchange (PDAX), has announced the listing of USDG, a U.S. dollar-backed stablecoin created by blockchain company Paxos. The listing expands PDAX's token selection to over 50.
The stablecoin, which is designed to maintain a 1:1 peg to the U.S. dollar for minimal price volatility, is issued by Paxos Digital Singapore Pte. Ltd. It is fully redeemable for U.S. dollars and operates within a transparent framework with verifiable reserves.
It is also backed by major financial technology and cryptocurrency firms such as Robinhood, Kraken, and Galaxy Digital.
How to Buy $USDG on PDAX
To buy USDG on PDAX, follow these simple steps:
Log in to your PDAX account and make sure it is funded with pesos.
Once the funds are in the account, go to the order book platform.
Find the USDG <> PHPT pair.
Enter the amount of USDG you want to buy and click “Buy”.
Review the transaction details and click “Convert”.
Finally, confirm your purchase.
Stablecoins on PDAX
PDAX currently lists two stablecoins: Tether (USDT) and USDG. Both stablecoins are designed to maintain a stable value and are typically used as a means of exchange or to hedge against volatility in the broader cryptocurrency market.
The exchange is also planning to list more stablecoins in the coming months as part of its efforts to provide a wider variety of products and services to its users.
Latest PDAX News
Recently, PDAX partnered with Coinbase Wallet and Base to expand on-chain access for Filipinos, enabling users to take full control of their digital assets, explore DeFi and NFTs, and benefit from lower transaction fees.
Last year, the Bureau of the Treasury, in partnership with PDAX and GCash, announced the launch of GBonds in December 2024 to make government-issued bonds more accessible to retail investors.
This article is published on BitPinas: PDAX Adds USDG: What You Need to Know About the Paxos-Backed Stablecoin
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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