# USDG

Markdown version of https://l2beat.com/interop/tokens/ibIzBF/usdg

## Summary

- Category: stablecoin
- Last 24h volume: $25.39 M
- Last 24h transfer count: 4.30 K
- Last 24h avg. transfer time: 8s
- Last 24h avg. transfer value: $5.89 K
- Last 24h top path: Ethereum ↔ Robinhood Chain ($9.38 M)
- Top protocol (based on 24h volume): [LayerZero](https://l2beat.com/interop/protocols/layerzero) (volume $18.36 M, 200 transfers)
- Protocols used: LayerZero, Across, LI.FI, Relay, deBridge DLN
- Deployments: 5

## Volume and flows

### Top routes by volume (last 24h)

- Ethereum → Robinhood Chain: $5.21 M
- Robinhood Chain → Ethereum: $4.17 M

The flows between all chains are an interactive graph on [the HTML page](https://l2beat.com/interop/tokens/ibIzBF/usdg#interop-volume).

## Top protocols

| # | Name | Category | Last 24h volume | Last 24h transfer count | Last 24h avg. transfer time | Last 24h avg. transfer value |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | [LayerZero](https://l2beat.com/interop/protocols/layerzero) (aggregate) | multichain | $18.36 M | 200 | 2m 31s | $91.84 K |
| 2 | [Across](https://l2beat.com/interop/protocols/across) | intent | $3.35 M | 2008 | 2s | $1.67 K |
| 3 | [LI.FI](https://l2beat.com/interop/protocols/lifi) | intent | $2.24 M | 1384 | 6s | $1.62 K |
| 4 | [Relay](https://l2beat.com/interop/protocols/relay) | intent | $802.39 K | 410 | 1s | $1.95 K |
| 5 | [deBridge DLN](https://l2beat.com/interop/protocols/debridge-dln) | intent | $612.49 K | 305 | 10s | $2.00 K |

## Onchain deployments

| # | Chain | Address | Symbol | Minters | Last 24h volume | Last 24h transfer count | Last 24h avg. transfer time |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | Robinhood Chain | [0x5fc5360d0400a0fd4f2af552add042d716f1d168](https://robin.etherscan.io/address/0x5fc5360d0400a0fd4f2af552add042d716f1d168) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $17.91 M | 4246 | 7s |
| 2 | Ethereum | [0xe343167631d89b6ffc58b88d6b7fb0228795491d](https://etherscan.io/address/0xe343167631d89b6ffc58b88d6b7fb0228795491d) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $15.63 M | 192 | 1m 54s |
| 3 | Arbitrum One | [0x004b506865409877c9fa29bfb1eba929984b9bbc](https://arbiscan.io/address/0x004b506865409877c9fa29bfb1eba929984b9bbc) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $5.06 M | 25 | 2m 31s |
| 4 | HyperEVM | [0x9522133c663ba8c2a8a7b4f63dd2ac8dccce1505](https://hyperevmscan.io/address/0x9522133c663ba8c2a8a7b4f63dd2ac8dccce1505) | USDG0 | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $164.36 K | 6 | 2m 10s |
| 5 | Ink | [0xe343167631d89b6ffc58b88d6b7fb0228795491d](https://explorer.inkonchain.com/address/0xe343167631d89b6ffc58b88d6b7fb0228795491d) | USDG | [LayerZero](https://l2beat.com/interop/protocols/layerzero) | $410.02 | 3 | 0s |

### Backing relations

Burn-and-mint groups, whose deployments move between chains by burning on one and minting on another:

- Group 1: USDG, 4 deployments, burned and minted via [LayerZero](https://l2beat.com/interop/protocols/layerzero); last 24h volume $25.39 M, 4.30 K transfers; deployments: Robinhood Chain (0x5fc5...d168), Ethereum (0xe343...491d), Arbitrum One (0x004b...9bbc), Ink (0xe343...491d)

Backing, where a deployment is minted against the one backing it:

- USDG0 on HyperEVM (0x9522...1505) is backed by group 1 (USDG, 4 deployments) via [LayerZero](https://l2beat.com/interop/protocols/layerzero)

## Transfers

The interactive transfers table is shown on [the HTML page](https://l2beat.com/interop/tokens/ibIzBF/usdg#interop-transfers).