UAE regulated Fuze, a financial infrastructure provider will be offering the USDG stablecoin to its clients after having joined the Global Dollar Network. USDG is fully backed and redeemable from Paxos on a one-to-one basis for US dollars. It is issued by Paxos Digital Singapore and by Paxos Issuance Europe under the supervision of FIN-FSA and in compliance with MiCA.

Fuze joins a united network of major institutions such as Robinhood, Kraken, OKX, Mastercard, Galaxy Digital and Bullish, which are forming a borderless ecosystem for the adoption of USDG.

Fuze will enable banks, fintech and enterprises to integrate USFG using its digital assets as a service infrastructure for payment flows, remittance and merchant settlement.

Fuze CEO Mo Ali Yusuf said, “Stablecoin infrastructure that settles in dollar-denominated amounts is very useful for various businesses. Banks, financial institutions, and exchanges can manage assets and payments more efficiently, while merchants, e-commerce businesses and enterprises can benefit from faster, cheaper settlements.”

Fuze is joining the Global Dollar Network to make it simple for partners to launch trusted USDG-powered products using its API tools for payments, wallets and stablecoins. This technology enables businesses to adopt USDG with regulatory confidence.

Guillaume Kendall, Director of Business Development (EMEA Crypto Natives) at Paxos Infrastructure added, “USDG and the Global Dollar Network is a collaborative stablecoin ecosystem. Fuze is an important, regulated partner that helps the network to accelerate compliant stablecoin adoption and move money more efficiently across the Middle East and beyond.”