Expanding Beyond Ethereum

Brokerage API provider Alpaca has integrated the USDG stablecoin on the Solana blockchain, joining the Global Dollar Network to facilitate the move. This represents a significant expansion for Alpaca, marking its first live deployment on a network other than Ethereum and advancing its multi-chain infrastructure for crypto trading and settlement.

Arush Sehgal, Head of Crypto at Alpaca, emphasized the update’s strategic importance. He stated that integrating USDG on Solana allows the company to support new stablecoin issuers and promote broader ecosystem innovation.

USDG is a fully backed and transparent digital dollar designed to meet global regulatory standards. It is issued by Paxos Digital Singapore under the supervision of the Monetary Authority of Singapore, as well as by Paxos Issuance Europe in compliance with MiCA regulations.

A Boost for the Solana Ecosystem

The collaboration is also a key development for the Solana network. According to Nick Ducoff, Head of Institutional Growth at the Solana Foundation, Alpaca’s integration unlocks faster and more cost-effective access to stablecoins for developers, institutions, and end-users.

Through this partnership, Alpaca’s customers will benefit from fast, compliant, and cost-efficient stablecoin settlements. The move strengthens the platform’s position in providing global crypto infrastructure and enhancing interoperability between different blockchains.