Question 1

What is USDG's quality score?

Accepted Answer

USDG (Paxos Digital Singapore) scores 75.0/100 on OnChain Benchmark's Stablecoin Quality Rating — Institutional-grade, as of Nov 10, 2026 (methodology v1.5).

Question 2

How is USDG's quality score calculated?

Accepted Answer

OnChain Benchmark scores USDG across four equally weighted dimensions, each out of 25: reserve quality (23/25), redemption depth (13/25), transparency (19/25), holder concentration (20/25). The four add directly to the 75.0/100 composite. The full rubric is published at onchainbenchmark.com/methodology.

Question 3

How concentrated is USDG's ownership?

Accepted Answer

OnChain Benchmark scores USDG's holder concentration 20/25 — one of the four dimensions of its quality rating, measured against free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets). A higher score means ownership is more broadly distributed; a lower score means it is held by fewer wallets.

Question 4

What does Institutional-grade mean?

Accepted Answer

Under OnChain Benchmark methodology v1.5, composite scores grade as Verified Capital (≥ 85), Institutional-grade (≥ 70), Developing (55–69), and Limited (below 55). USDG scores 75.0/100, placing it in Institutional-grade.

Dimension	Score	Why it scored this
Redemption Depth	13 / 25
Transparency	19 / 25
Holder Concentration USDG scores 20 of 25 on Holder Concentration.	20 / 25	USDG scores 20 of 25 on Holder Concentration.
Reserve Quality	23 / 25

Chain	Contract	Share of measured supply
X Layer	0x4ae46a…3d2dc8Explorer ↗	41.5%
Robinhood Chain	0x5fc536…F1d168Explorer ↗	23.9%
Solana	2u1tszSe…GWjGWHExplorer ↗	17.6%
Ethereum	0xe34316…95491DExplorer ↗	11.8%
Ink	0xe34316…95491DExplorer ↗	2.9%
Arbitrum	0x004B50…4B9bbCExplorer ↗	2.2%
Mantle	0x063C1d…49C086Explorer ↗	<0.1%

USDG Quality Rating

The biggest gap in USDG's score is redemption depth.

Outstanding supply

Rating history

Issuer, rubric and methodology

Share of measured supply by chain

Reference USDG’s rating