Global Dollar (USDG), a regulated dollar-backed stablecoin, is now available for spot trading. This guide covers the listing timeline, trading rules, and essential details for traders.
Key Listing Timeline
All times are in UTC+8.
- USDG Deposits Open: June 4, 2025, at 2:00 PM
- Call Auction Period: June 5, 2025, from 8:00 PM to 9:00 PM
- USDG/USDT Spot Trading Starts: June 5, 2025, at 9:00 PM
- USDG Withdrawals Open: June 5, 2025, at 11:00 PM
Important Trading Rules at Launch
To protect investors from high volatility when a new token launches, the platform enforces special risk control rules for the first five minutes of spot trading.
Order Restrictions (First 5 Minutes):
- Market orders are not permitted.
- The maximum value for any single limit order is $10,000.
- The maximum net position for a single user is $10,000.
These restrictions are automatically lifted five minutes after trading begins.
Understanding Price Limit Rules
The platform uses two types of mechanisms to manage price limits, depending on the availability of a stable index price.
1. Closing Price-Based Limit Rules (Used when no stable index exists):
| Trading Phase | Highest Buy Order Limit | Lowest Sell Order Limit |
|---|---|---|
| First minute after launch | Call Auction Price × (1 + H) | No Limit |
| Minutes 1 to N (before index is available) | Previous minute's closing price × (1 + H) | No Limit |
| After N minutes (before index is available) | No Limit | No Limit |
2. Index-Based Limit Rules (Used when a stable index is available):
| Trading Phase | Highest Buy Order Limit | Lowest Sell Order Limit |
|---|---|---|
| First 10 minutes after launch | Index × (1 + X) | Index × (1 – X) |
| 10+ minutes after launch | Complex formula based on Index and moving averages. | Complex formula based on Index and moving averages. |
Note: The platform reserves the right to adjust parameters (N, H, X, Y, Z) or switch between calculation rules based on market conditions without prior notice.
👉 View real-time rule details and updates
The Call Auction Process Explained
The USDG/USDT trading pair will begin with a one-hour call auction. This mechanism allows users to place orders at their desired price before live trading starts. The system collects all orders and calculates a single reference opening price based on the auction rules.
To ensure an orderly market:
- During the auction, a single user’s total buy order value is capped at $50,000.
- In the final five minutes of the auction, users can only place limit orders; order modifications and cancellations are not allowed.
After the auction concludes, the project team's suggested opening price will be displayed as the starting price for reference. This price is based on the project’s valuation and does not affect the price of the orders you placed during the auction.
Global Dollar (USDG) Project Overview
Global Dollar (USDG) is a U.S. dollar-backed stablecoin operating on the Ethereum and Solana blockchains. It is issued by regulated providers and backed 1:1 by secure, liquid assets. USDG is redeemable for U.S. dollars and is available on a wide range of global exchanges and wallets.
- Full Name: Global Dollar
- Ticker Symbol: USDG
- Sample Contract Address (Solana):
2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH
How to Prepare for Trading
Ensure you have USDT in your spot wallet to participate in USDG trading when it goes live. You can deposit funds at any time to be ready.
Frequently Asked Questions
What is USDG?
USDG (Global Dollar) is a regulated, fully-backed stablecoin that is pegged 1:1 to the U.S. dollar. It is designed to combine the stability of the dollar with the efficiency of blockchain technology.
Why are there trading restrictions at launch?
Trading restrictions like order amount caps and the ban on market orders are standard risk management tools. They are implemented to prevent extreme price volatility and protect investors during the initial, often unpredictable, minutes of a new token's trading.
How does the call auction work?
A call auction is a process where buy and sell orders are collected for a set period before trading begins. All orders are then matched at a single price that maximizes the number of trades that can be executed. This helps establish a fair and efficient opening price.
Can I withdraw USDG immediately after trading starts?
No. Withdrawals for USDG are scheduled to open later on June 5 at 11:00 PM (UTC+8), two hours after spot trading begins. This is a common security measure.
Where can I find the most current trading rules?
Platform rules can be updated based on market conditions. Always refer to the official announcement page or help center for the most accurate and up-to-date information on trading parameters and limits.
Is USDG available on multiple blockchains?
Yes, USDG is a multi-chain stablecoin. It is currently available on both the Ethereum and Solana networks, providing users with flexibility and lower transaction fee options. Always ensure you are using the correct network when depositing or withdrawing.