PT Global Dollar 24SEP2026 · by Paxos · stable-PT
USDG is Paxos's regulated fiat-backed stablecoin, fully backed by USD reserves and short-term U.S. Treasuries in segregated, bankruptcy-remote accounts. Part of the Global Dollar Network, issued under MAS oversight in Singapore.
Spiral Stake supplies PT-USDG as collateral on Morpho, borrows a correlated asset against it, and recycles that back into more PT-USDG — looping in a single transaction to amplify the underlying T-Bills yield. Because the assets are price-correlated, the position targets a higher APY rather than a directional bet, with every cost and liquidation threshold shown upfront.
Leveraged PT-USDG yield is a strategy that loops PT-USDG on the Morpho lending protocol to multiply your exposure to its T-Bills yield. Spiral Stake executes the whole loop in a single transaction.
PT-USDG earns yield from T-Bills, issued by Paxos. Looping amplifies that base yield.
Leveraged positions carry liquidation risk if collateral value falls relative to the borrowed asset, plus smart-contract and market risk. Every cost and liquidation threshold is shown before you confirm.
Live APY, leverage multiplier and available liquidity are shown in the app.