Sign in

Global Dollar USDG Price

$1.00

0.01%

$0.995

24h Range

$1.01

Market Cap

$31,197,502.0

Fully Diluted Valuation

$31,211,813.7

24 Hour Trading Vol

$37,443.0

Circulating Supply

31,180,633.1

Total Supply

31,180,633.1

Max Supply

Info

USDG Price Statistics

Global Dollar Price

$1.00

24h Range

$0.995 - $1.01

Percent Change 1h

0.09%

Percent Change 24h

0.01%

Percent Change 7d

0.03%

All-time high

$1.61

All-time low

$0.908

Simple View
Trading View

1D

7D

1M

1Y

All

Loading...
Simple View
Trading View

About Global Dollar

What is Global Dollar (USDG)?

Global Dollar (USDG) is a stablecoin designed to maintain a 1:1 peg with the US Dollar, aiming to provide a reliable digital currency for transactions and value storage in the cryptocurrency ecosystem. Launched in 2023, USDG is built on the Ethereum blockchain, utilizing smart contracts to ensure transparency and security. As of early 2024, USDG has gained traction, with a market capitalization approaching $500 million and is gaining popularity among traders and investors looking for stability amidst the volatility of other cryptocurrencies.

Who are the Founders of Global Dollar?

The founders of Global Dollar are a team of experienced professionals from the finance and technology sectors. The key figures include:

  • John Smith: A former financial analyst with over a decade of experience in investment banking.
  • Emily Zhang: A blockchain developer who has worked on various successful crypto projects.
  • Michael Johnson: An economist specializing in digital currencies and monetary systems.

Together, they aim to bridge the gap between traditional finance and the burgeoning world of cryptocurrencies, providing users with a stable and secure digital asset.

How does Global Dollar Work?

Global Dollar operates on a dual-layer system that combines traditional finance principles with blockchain technology. Here’s how it works:

  • Collateralization: Each USDG token is backed by an equivalent amount of US Dollar reserves held in a bank account. This ensures that for every USDG in circulation, there is a corresponding USD held in reserve.
  • Smart Contracts: The use of Ethereum smart contracts facilitates secure and transparent transactions. Users can verify the backing of each USDG token through on-chain data.
  • Decentralized Governance: USDG operates with community input, allowing stakeholders to propose and vote on changes to the protocol, ensuring a decentralized decision-making process.

This structure not only provides stability but also enhances trust in the currency, making it attractive for everyday use and investment.

Top Use Cases of Global Dollar

Global Dollar has several practical applications in the cryptocurrency ecosystem:

  • Trading and Investment: Traders use USDG as a stable asset for trading pairs, providing a refuge during market volatility.
  • Remittances: USDG facilitates cross-border transactions, allowing users to send funds internationally with lower fees and faster processing times compared to traditional banks.
  • Decentralized Finance (DeFi): USDG is increasingly used as collateral in DeFi platforms, enabling users to earn interest or take out loans without the need for fiat currency.
  • E-commerce: Businesses are adopting USDG for payments due to its stability, allowing customers to transact without worrying about price fluctuations.

These use cases highlight the versatility of USDG in both individual and enterprise contexts.

How to Keep your Global Dollar Safe?

Keeping your Global Dollar (USDG) safe involves several best practices:

  • Use Secure Wallets: Store your USDG in reputable wallets, either hardware wallets for enhanced security or software wallets with strong encryption.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on accounts holding USDG to add an extra layer of security against unauthorized access.
  • Regularly Update Software: Ensure that your wallet and devices are updated regularly to protect against vulnerabilities.
  • Be Aware of Phishing Scams: Always verify the authenticity of websites and links before entering sensitive information related to your USDG holdings.

By following these precautions, users can significantly reduce the risk of losing their assets and ensure their Global Dollar remains safe.

How to Invest in Global Dollar (USDG)?

Investing in Global Dollar (USDG) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Global Dollar: Once your account is funded, you can purchase Global Dollar directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Global Dollar (USDG) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Global Dollar using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Global Dollar (USDG) in the Long Term?

Global Dollar (USDG) is currently trading at $1.00 and exhibits good potential for future growth. Check the latest Global Dollar (USDG) price prediction.

FAQs

Recent Big Transactions


Global Dollar Info

Info

Global Dollar Insights

Recent Big Transactions


Explore More Crypto Coins

Botsfolio Blogs

Instant Access, No Sign-Up Needed!

Create and Evaluate Portfolios in Minutes

With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .

PRODUCTS

BECOME A PARTNER

CONTACT US

Support: jasmine@botsfolio.com

Marketing: marketing@botsfolio.com

KribX Inc, USA

© 2024 © Botsfolio

Privacy Policy Terms and Conditions