OCB — Quality Rating
USDG Quality Rating
Paxos Digital Singapore · Global Dollar (USDG), a US dollar stablecoin issued by Paxos Digital Singapore, a MAS-licensed major payment institution.
USDG (Paxos Digital Singapore) scores 64/100 on OnChain Benchmark's Stablecoin Quality Rating — rated Developing — across four dimensions: reserve quality 23/25, redemption depth 13/25, transparency 12/25, and holder concentration withheld (not measurable to ground truth) (methodology v1.5-stablecoin, as of Sep 26, 2026).
Stablecoin Quality Rating
OCB — 01
USDG across four dimensions
Each dimension is scored out of 25, and the four add directly to the /100 composite — an equal-weight, plain sum. Last scored Sep 26, 2026 on methodology v1.5-stablecoin.
| Dimension | Score |
|---|---|
| Reserve Quality | 23 / 25 |
| Redemption Depth | 13 / 25 |
| Transparency | 12 / 25 |
| Holder Concentration | Not measured |
| CompositeΣ (score) | 64 / 100 |
Holder Concentration is withheld for this instrument. Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. The composite reflects the three measured dimensions, renormalized.
OCB — 02
OCB Instrument
Outstanding supply
OCB — 03
OCB Instrument
Rating history
OCB — 04
Evidence behind the rating
A sample of the verified facts behind USDG's score. The full diligence trail is in the terminal.
- Disclosure Qualitycontract address
Contract address verified on X Layer: 0x4ae46a509f6b1d9056937ba4500cb143933d2dc8 (X Layer deployment)
Confirmed active onchain.
Verified Jul 29, 2026· instrument_deployments registry — chain_id 196 - Disclosure Qualitycontract address
Contract address verified on Ethereum: 0xe343167631d89B6Ffc58B88d6b7fB0228795491D (primary deployment)
Confirmed active onchain.
Verified Jul 29, 2026· instrument_deployments registry — chain_id 1 - Disclosure Qualitycontract address
Contract address verified on Solana: 2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH (Solana deployment)
Confirmed active onchain.
Verified Jul 29, 2026· instrument_deployments registry — chain_id 1101
OCB — 05
Key facts
- Issuer
- Paxos Digital Singapore
- Asset class
- Stablecoin
- Methodology
- v1.5-stablecoin
- Last scored
- Sep 26, 2026
- Rubric
- Stablecoin Quality Rating
Chains
Cite this rating
Reference USDG's rating
Copy a ready-made citation. Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.
OnChain Benchmark (2026). USDG Quality Rating: 64/100 (Developing), as of Sep 26, 2026. Methodology v1.5-stablecoin. https://onchainbenchmark.com/instruments/usdg
OnChain Benchmark (2026) 'USDG Quality Rating', OnChain Benchmark, Developing, 64/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/usdg (Accessed: Sep 26, 2026).
@misc{ocb_usdg_2026,
author = {{OnChain Benchmark}},
title = {{USDG Quality Rating}},
year = {2026},
note = {64/100, Developing, methodology v1.5-stablecoin},
url = {https://onchainbenchmark.com/instruments/usdg}
}Or pull the data: USDG rating (CSV)
The interactive terminal shows every verified fact behind USDG's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.