USDG is issued by Paxos under the Global Dollar Network — a consortium including Robinhood, Kraken, and Galaxy — with a reserve-yield revenue-share model baked into the issuer structure.
USDG is issued by Paxos / Global Dollar Network. Every USDC → USDG swap on 4SIGHT is quoted on every connected venue at once; you always see the worst case you'll receive, and often get more.