Paxos expands global dollar network with integration of Reap and Amina Bank

Paxos has onboarded Switzerland’s Amina Bank and the enterprise payment platform Reap to the Global Dollar Network, expanding the reach of the USDG stablecoin in institutional banking and cross-border payments. Amina Bank, regulated by FINMA, will offer custody, trading, and a USDG rewards program with yields of up to 4% per year, while also adding USDG to its stablecoin portfolio alongside USDT, USDC, EURC, and RLUSD.

Reap joins the network to integrate USDG payments into corporate cards, treasury management, and international payment rails serving clients in Asia, Africa, and Latin America. The platform targets emerging markets with high demand for USD transactions.

USDG is issued in Singapore and Europe under MAS and MiCA regulations, and is primarily backed by US government bonds. The network currently includes Robinhood, Kraken, OKX, and other major institutions to drive adoption of the digital dollar.