USDG Natively Launches on Mantle and Joins Global Dollar Network; Payward and SoFi Partner on Stablecoin and 24/7 Settlement

On September 3, 2026, Paxos-issued USDG natively launched on the Mantle network, and Mantle simultaneously joined the Global Dollar Network; Kraken parent Payward partnered with SoFi to bring SoFiUSD to Kraken and connect to a 24/7 USD settlement network. This article organizes the facts, mechanisms, and risks based on Cointelegraph's same-day report to help readers verify stablecoin choices and operational considerations.

Both developments occurred on September 3, 2026, but involve different entities: USDG is a Paxos-issued stablecoin launching on a new chain and joining an industry network; SoFiUSD involves a partnership between a bank-issued stablecoin and a crypto exchange platform. The shared backdrop is the expanding use of stablecoins in payment settlement and on-chain ecosystems, but this article does not infer safety or yield from news popularity.

Overview of the Two Stablecoin Developments and Timeframe

According to Cointelegraph's report on September 3, 2026, Paxos-issued USDG natively launched on the Mantle network, and Mantle simultaneously joined the Global Dollar Network. USDG's launch means the stablecoin is issued directly on Mantle, rather than via a cross-chain bridge.

On the same day, Kraken parent Payward announced a partnership with SoFi to bring SoFiUSD to Kraken and connect SoFi's 24/7 USD settlement network. Although the two news items were released on the same day, they involve different entities and stablecoins and should be verified separately. All information is as of September 3, 2026, and may change thereafter.

USDG Mechanics and Global Dollar Network Implications

USDG has a market cap of approximately $3.18 billion and is the seventh-largest stablecoin tracked by DefiLlama. Mantle joins the reward-sharing structure of the Global Dollar Network, which has over 150 partners, including Kraken and Robinhood.

The main difference between native minting and cross-chain bridging lies in where the asset is issued and custodied. When using USDG on Mantle, users should confirm whether the version is natively issued or a wrapped asset, as the two may differ in redemption, liquidity depth, and potential contract risk. Market cap data tracked by DefiLlama only reflects scale and cannot replace verification of the issuer's reserves and contracts. The specific rules of the reward-sharing structure are not elaborated in the source report and require further verification before description.

Significance of SoFiUSD and 24/7 Settlement for the Stablecoin Landscape

SoFiUSD is a US dollar-backed stablecoin issued by SoFi Bank, launched in 2026, with reserves in cash and short-term US Treasury securities. Payward's partnership with SoFi brings SoFiUSD to Kraken and connects SoFi's 24/7 USD settlement network.

The core value of 24/7 USD settlement is reducing delays caused by reliance on traditional banking hours, but the specific implementation, supported fiat channels, or clearing banks still need further verification. Additionally, Payward confidentially submitted a draft IPO registration statement to the US SEC in November 2025; this is a historical fact and does not mean an IPO is certain.

Operational Considerations for Stablecoin Holders and Crypto Users

Before using USDG or SoFiUSD for transfers or transactions, consider verifying the following steps:

1. Confirm the specific network and contract addresses for USDG and SoFiUSD supported by your platform or wallet.
2. Review reserve composition, custodian, and audit frequency through official reserve attestation pages.
3. Distinguish native assets from cross-chain wrapped assets and avoid transferring to incorrect addresses via third-party bridges.
4. Consider the compliance requirements of your jurisdiction and confirm whether the relevant stablecoins are permitted.

Users should not judge stablecoin safety solely from news headlines; they should review reserve attestations, regulatory status, and issuer history. SoFiUSD reserves consist of cash and short-term US Treasury securities, but the specific ratios and audit frequency must be checked in the issuer's disclosures.

Risks, Limitations, and Items Requiring Verification

The reserve assets of USDG and SoFiUSD include cash and US Treasury securities, but the specific ratios, custodians, and audit firms are not provided in this set of facts and require further verification. The Global Dollar Network reward-sharing mechanism may involve commercial incentives, and users should be wary of yield promises versus actual risk.

Payward's confidential IPO filing does not mean a listing is certain and may affect the company's strategy and stablecoin partnership prospects. Stablecoins are heavily influenced by the regulatory environment, and different jurisdictions may restrict use or redemption. All data is as of September 3, 2026, and may change thereafter. This article does not constitute investment advice; stablecoins are not risk-free, and reserve assets may face liquidity or credit risk.