Paxos Labs and LayerZero launched USDG0 on Tuesday, a bridged version of the USDG stablecoin that will allow it to operate on additional blockchains.

USDG, issued by Paxos, has a market capitalization of over $997 million and is fully backed 1:1 by cash and cash equivalents. The token powers the Global Dollar Network (GDN) and is currently available on Solana, Ethereum, Ink, and X Layer.

The bridged token, built on LayerZero’s Omnichain Fungible Token (OFT) standard, lets USDG move to chains where Paxos does not yet offer issuance. The rollout will start with Hyperliquid, which has over $4.5 billion in total value locked (TVL), and will expand to Plume and Aptos, the company revealed in a press release viewed by The Defiant.

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