Paxos Digital Singapore
MAS-licensed Singapore issuer of Global Dollar (USDG)

Singapore-incorporated Paxos entity that issues Global Dollar (USDG). The current MAS directory lists it as a Major Payment Institution authorized for digital payment token services. Paxos' examination report states that the entity received its licence to issue stablecoins and describes USDG as a dollar-pegged token supported by approved redemption-asset categories. Those are issuer and assurance disclosures, not deposit insurance or a Singapore government guarantee.