Global Dollar USDG

What USDG actually is on-chain

Global Dollar is an ERC-20 deployed on Ethereum, at contract address 0xe343167631d89B6Ffc58B88d6b7fB0228795491D. That address, not the ticker USDG, is what uniquely identifies this asset: anyone can deploy a second token calling itself USDG, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, USDG is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in USDG itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For USDG the project publishes a whitepaper, a public source repository and an active account as @global_dollar. Both a written specification and readable code exist, which is a materially higher bar than most assets in this size range clear. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where USDG sits in the market

At #38, Global Dollar sits in the middle of the large-cap band. This is the part of the table capital rotates through first: when the leaders stall, money moves down into names like USDG, and when risk comes off it leaves here before it leaves the top ten. Spot spreads stay tight through both legs of that cycle; derivative funding does not, and perp basis is usually the earlier signal.

CryptoPingAi is currently streaming 1 live USDG order book (Gate.io). That is thinner coverage than a #38 ranking would normally imply — a move on one of these books is close to the whole market for USDG, with no deep second venue to arbitrage it back. None of the books we see for USDG are regulated US or Korean venues, so this is an offshore-quoted asset — availability, and the price itself, depend on which jurisdiction you trade from.

USDG against its all-time high

USDG is 39.3% below its $1.65 peak (on 2025-01-30), roughly a halving of value from the high. 1.65x is needed to get back, and the band between here and there is thick with supply bought during the run-up. Rallies into that zone tend to meet holders getting back to break-even rather than buyers initiating, which is why the first push toward the high usually fails before the second one. That high was set roughly 2 years ago, recently enough that it still anchors how most current holders frame the asset.

USDG across its historical range

The recorded range is comparatively narrow: 1.82x between $0.9076 and $1.65. Either the price history is short, or the asset is designed not to move.

At 10.4% above its record low of $0.9076 (on 2024-11-11), USDG sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

USDG supply structure

There is no fixed maximum supply for USDG. Total supply stands at 2.77 billion USDG and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. With a supply in the billions, the quoted price is low enough that a single cent of movement is a large percentage swing; size your thresholds in percent, not in cents.

What kind of asset USDG is

Global Dollar is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. It is backed by off-chain reserves, which moves the risk from smart-contract code to custody and disclosure: who holds the reserves, what they are held in, and how often that is attested. Those are the questions that decide whether the peg survives a redemption wave. At a fully diluted value above a billion dollars it is large enough that its peg is defended by deep secondary liquidity, not only by the issuer's redemption promise.

CoinGecko files USDG under 8 categories, including Stablecoins, USD Stablecoin, Solana Ecosystem, Ethereum Ecosystem, X Layer Ecosystem. CoinGecko also records deployments on Solana (3,129 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Global Dollar alert that is worth receiving

Global Dollar is the ERC-20 at 0xe343…491D on Ethereum — quoted on 1 venue we stream — high dated 2025-01-30 — rank #38. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →