AraCore Joins Paxos' Global Dollar Network to Accelerate ISN Expansion

Blockchain and AI company BPMG's US subsidiary AraCore announced on the 18th that it has officially joined the Global Dollar Network (GDN), a global dollar-based network led by Paxos, as an official partner. The GDN is a global network aimed at expanding the use of the USDG stablecoin, a dollar-backed stablecoin, and promoting its adoption across financial sectors.

Over 150 institutions from finance, payments, and digital assets—including Mastercard, Kraken, Robinhood, Worldpay, and OKX—are participating in GDN. The USDG utilized within the network is issued by Paxos Digital Singapore, a regulated entity under Singapore's Monetary Authority of Singapore (MAS), via Paxos' platform.

Paxos provides global blockchain infrastructure solutions including stablecoin issuance and digital asset custody. AraCore plans to build institutional-grade digital finance infrastructure based on multiple stablecoins, including USDG, leveraging its proprietary inter-institutional settlement network ISN. The ISN handles message delivery and coordination of settlement processes between institutions.

Building on partnerships with domestic internet bank KBank, Hong Kong-based digital asset financial group Hashi, and Canadian payment firm VeroPay, AraCore aims to expand cross-border remittance, payment, and settlement services for financial institutions and enterprises. AraCore CEO Ji-hoon Cha stated, 'AraCore is building institutional infrastructure connecting global financial institutions with diverse digital dollar ecosystems without limiting itself to a specific stablecoin.' He added that this GDN partnership will serve as the foundation linking the USDG ecosystem with AraCore's global institutional network.