Robinhood Chain launched on July 1, 2026, and the stablecoin it was built around is already pulling serious numbers. USDG, the Paxos-issued Global Dollar stablecoin, grew by $93.9 million on Robinhood Chain in the past 30 days alone, making it the single fastest-growing chain for USDG supply.
From zero to $333M in one month
In the first week after launch, more than $178 million worth of USDG was issued on Robinhood Chain. By the end of July, the stablecoin’s total market cap on the network had climbed to roughly $333 million.
The driver is straightforward: Robinhood’s Earn product, which launched alongside the chain, offers users around 7% annual percentage yield on USDG holdings. The yield comes through self-custodial lending, routed via Morpho vaults.
What USDG actually is
