AMINA taps Paxos USDG to expand regulated stablecoin offering

By Vriti Gothi

AMINA Bank has integrated Paxos’ USDG stablecoin into its custody, trading and rewards offerings, expanding its stablecoin services for professional and institutional clients. As part of the move, the bank has joined the Global Dollar Network (GDN), an industry consortium focused on advancing regulated digital dollar infrastructure.

USDG is a U.S. dollar-backed stablecoin issued by Paxos Digital Singapore, which is regulated by the Monetary Authority of Singapore as a Major Payments Institution. The stablecoin is backed one-to-one, primarily by U.S. government bonds, a structure that aligns with the risk and transparency requirements of institutional investors.

By joining the Global Dollar Network, AMINA connects its client base to a broader ecosystem of regulated financial institutions and digital asset platforms, including Robinhood, Kraken, OKX, Galaxy, Anchorage and Bullish. The network is designed to improve interoperability and liquidity across digital dollar rails, a key consideration as stablecoins gain traction in cross-border payments, trading and treasury use cases.

Myles Harrison, Chief Product Officer at AMINA Bank, said, “The integration reflects rising demand from professional investors for compliant access to stablecoins within established banking frameworks. USDG custody, trading and rewards represent the latest expansion of our regulated stablecoin offering, continuing our leadership in bringing institutional-grade digital dollar access to professional investors.”

The USDG addition builds on AMINA’s existing support for stablecoins such as USDT, USDC, EURC and RLUSD, positioning the bank as a multi-stablecoin provider for institutional clients seeking diversified exposure to digital dollar and euro instruments.

The development comes as banks and regulated crypto firms increasingly seek to play a central role in stablecoin adoption, amid heightened regulatory scrutiny and a focus on reserve transparency and operational resilience. Availability of specific products and services remains subject to legal and regulatory requirements across jurisdictions.