Global Dollar Network (GDN) Expands Its Coalition, Adding BitMart and Arculus

Global Dollar Network (GDN) has expanded its coalition, adding BitMart and Arculus, among other new partners, boosting its membership to over 25 leading companies.

Global Dollar Network (GDN) has expanded its coalition with the addition of BitMart, Arculus, CoinMENA, Rain, PDAX, BiLira, and Paribu, among other new partners. The network now boasts a membership of over 25 leading companies in the blockchain and financial services industry.

The announcement on 12 May highlights the rapid progress of the network and its expanding role in the stablecoin ecosystem. GDN currently serves over 42 million users globally through its US dollar-backed Global Dollar (USDG) stablecoin.

Network Model Drives Industry Participation

After its launch in November 2024, Global Dollar Network has implemented an open revenue-sharing model that compensates partners based on their contributions. The network's founding members—Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood—have created a framework to encourage collaboration among custodians, exchanges, payment fintech, and banks.

The inclusion of Arculus, a leading wallet provider, and BitMart, a crypto exchange, further diversifies GDN's blockchain infrastructure and financial services capabilities.

"Members join Global Dollar Network because legacy models did not meet their needs. We are tying partner incentives directly to adoption goals."

Walter Hessert, Head of Strategy at Paxos

"Global Dollar Network is reshaping stablecoin adoption by delivering tangible economic benefits to partners and users," said Walter Hessert, Head of Strategy at Paxos. "Members join Global Dollar Network because legacy models did not meet their needs. Our revenue-sharing approach makes stablecoins more accessible, efficient, and inclusive."

Hessert's comments highlight that Global Dollar Network remains committed to an equitable economic model that redistributes network revenue to contributors.

USDG on Solana Enhances Accessibility

Issued by Paxos Digital Singapore, USDG operates on the Solana blockchain and complies with the Monetary Authority of Singapore's upcoming stablecoin framework. The token's multi-chain roadmap is designed to expand its reach beyond Solana.

Global Dollar Network's unique structure shares network earnings monthly through proprietary attribution technology, which encourages partners to sustain real-world use cases such as cross-border payments, remittance, and treasury management.

Mark Greenberg, the Global Head of Consumer at Kraken, emphasized USDG's role in bridging traditional finance and crypto. "The growth of the Global Dollar Network reflects real momentum toward stable, scalable digital currency solutions."

Stablecoin Market Trends and Future Outlook

The stablecoin market has witnessed more than a fiftyfold increase in market capitalization over five years. While established players like Tether and Circle are present, GDN's model sets the stage for the rapid adoption of USDG.

Global Dollar Network's coalition has established a global presence, covering platforms from Europe, Asia, and the Middle East, including CoinMENA, Rain, PDAX, BiLira, and Paribu.

Moreover, Global Dollar Network invites innovative enterprises to join its network. As regulatory clarity progresses, the network anticipates new high-profile members to join, reinforcing Global Dollar Network's role in the trillion-dollar stablecoin opportunity.

Giants in payment providers such as Visa are also reportedly in talks to join the network as part of its broader strategy to expand its network and upscale USDG's capabilities.