USDG is Paxos's regulated fiat-backed stablecoin, fully backed by USD reserves and short-term U.S. Treasuries in segregated, bankruptcy-remote accounts. Part of the Global Dollar Network, issued under MAS oversight in Singapore.
This is a max-APY yield loop: PT-USDG is supplied as collateral and USDT is borrowed against it on Morpho, then recycled back into PT-USDG to multiply the underlying T-Bills yield. Because the two assets are price-correlated, the position targets amplified yield rather than directional price exposure.
Live APY, leverage multiplier and available liquidity are shown in the app.