Paxos-issued USDG is now natively minted on Mantle. The layer-2 network has also joined the Global Dollar Network, entering its reward-sharing structure as part of the same arrangement.
Protocol versus listing
Listing and minting are distinct operations. A bridged stablecoin arrives on a chain as a wrapped claim on tokens that originate and are custodied elsewhere, adding the bridge as an additional dependency. Native minting means Paxos issues USDG directly on Mantle. The chain holds issuance-layer status rather than acting as a downstream distribution point. For liquidity providers and protocol integrators, where a token originates is where counterparty risk sits, and Mantle now occupies that position for USDG.
Reward-sharing
The Global Dollar Network is the framework Mantle has joined alongside the minting arrangement. It operates a reward-sharing structure for member participants. Membership gives Mantle an economic interest in USDG beyond simply hosting it.