DBS Bank acts as the custodian for USDG, managing reserves in liquid assets to maintain a 1:1 dollar peg and ensure on-demand redemption.

Quotes that support claims

The consortium’s stablecoin maintains a 1:1 peg with the US dollar, backed by high-quality liquid assets including dollar deposits and short-term US government securities.

DBS Bank, Southeast Asia’s largest bank, serves as the custodian and banking partner, managing reserves to ensure full backing and on-demand redemptions.