What Did Coinbax Announce?
Coinbax announced its membership in the Global Dollar Network, integrating its programmable stablecoin settlement infrastructure with a network of trusted institutions utilizing digital dollars for enterprise payments and financial settlement.
The Global Dollar Network is powered by USDG, a US dollar-backed stablecoin issued by Paxos Digital Singapore (supervised by the Monetary Authority of Singapore) and Paxos Issuance Europe (regulated under MiCA). Network partners include Anchorage Digital, Kraken, Robinhood, and Worldpay.
What Does Coinbax Bring to the Network?
Coinbax provides orchestration infrastructure for stablecoin payments — the control layer between the transaction and the settlement. Through Coinbax Controls, institutions gain access to:
- Programmable settlement workflows with rule-based logic
- Conditional fund release tied to milestones, approvals, or compliance checks
- Transparent audit trails for regulatory oversight and reconciliation
- Integration with custody, compliance, and treasury systems for seamless institutional deployment
Why Does This Partnership Matter for Financial Institutions?
While stablecoins see growing use in treasury operations, payables, and cross-border transactions, most blockchain-native infrastructure lacks the governance and post-settlement controls required by regulated financial institutions. Settlement finality on-chain is fast — but speed without safeguards is not what banks and enterprises need.
Coinbax Controls addresses this gap by adding transaction-level logic aligned with institutional standards. Paired with USDG’s regulated stablecoin infrastructure, the integration gives institutions a path to stablecoin settlement that operates within existing compliance and governance frameworks.
What Do the Partners Say?
“Coinbax builds important orchestration and control layers that help institutions operationalize stablecoin settlement with confidence.” — Nick Robnett, Head of Crypto Business at Paxos
“Joining the Global Dollar Network reinforces our commitment to building stablecoin infrastructure that institutions can operate within their existing governance frameworks.” — Peter Glyman, Founder and CEO of Coinbax
What Is the Global Dollar Network?
The Global Dollar Network is a stablecoin ecosystem powered by USDG, with partners spanning custody, exchange, payments, and infrastructure. USDG currently operates on Solana, Ink, X Layer, and Ethereum.
Network Partners
- Anchorage Digital — Institutional digital asset custody
- Kraken — Digital asset exchange
- Paxos — Regulated blockchain infrastructure and stablecoin issuer
- Robinhood — Consumer and institutional trading platform
- Worldpay — Global payments processing
The Coinbax Perspective
This membership is a natural extension of what we’ve been building since day one: the trust layer that makes stablecoin payments work for regulated institutions. USDG gives us a regulated, enterprise-grade stablecoin rail. Coinbax Controls gives institutions the programmable escrow, built-in reversibility, and real-time compliance they need to actually use it.
The combination of regulated stablecoin issuance with institutional-grade settlement controls is exactly what banks and enterprises have been asking for — blockchain speed with the governance they require.
Frequently Asked Questions
What is USDG?
USDG is a US dollar-backed stablecoin issued by Paxos, supervised by the Monetary Authority of Singapore and regulated under MiCA in Europe. It operates on Solana, Ink, X Layer, and Ethereum.
How does Coinbax integrate with the Global Dollar Network?
Coinbax provides the orchestration and control layer for USDG transactions, enabling programmable settlement workflows, conditional fund release, and audit-grade reconciliation for institutional users.
What blockchains does this cover?
Through the Global Dollar Network, Coinbax supports USDG on Solana, Ink, X Layer, and Ethereum, alongside its existing support for USDC, RLUSD, and PYUSD on Base and Solana.
Who benefits from this partnership?
Banks, credit unions, payment processors, and enterprise treasury teams that need stablecoin settlement with institutional-grade controls, compliance oversight, and audit capabilities.