# USDG Rewards

Fordefi is a member of the [Global Dollar Network (GDN)](https://www.globaldollar.com/).
This lets your organization earn rewards on **USDG** simply by holding
it in your Fordefi vaults — no staking, no lock-ups, and no extra steps.

Rewards are credited to your Fordefi invoice.

## How it works

1. An admin from your organization enrolls in the rewards program (see [Enroll your organization](#enroll-your-organization) below).
2. Hold USDG in any of your Fordefi EVM or Solana vaults.
3. Paxos tracks the eligible balances across your vaults and calculates the rewards.
4. Rewards are aggregated and Fordefi credits them to your next Fordefi invoice.


The current reward rate (APY) is set by the Global Dollar Network and changes over
time.

## Supported assets and chains

Rewards apply to USDG held on the following chains:

| Asset | Supported chains |
|  --- | --- |
| USDG | Ethereum, Solana, X Layer, Ink |


## Which vaults earn rewards

Once your organization is enrolled, all your **EVM** and **Solana** vaults are
included automatically — including any new vaults you create later. You do not need
to register vaults one by one.

The following vault types are **not** eligible for rewards:

- Imported vaults
- Vaults with external signers
- Safe vaults


## Eligibility

- Rewards are available to organizations incorporated **outside the European Union**.
Due to MiCA regulations, EU-incorporated customers are not eligible and cannot
enroll at the moment.
- If your organization is already a part of the Global Dollar Network, you should not enroll again through Fordefi,
to avoid being counted twice.


## Enroll your organization

Enrollment is done once per organization by an **Admin**. New organizations are not
enrolled by default.

1. Go to **Settings → Rewards**.
2. Click **Enroll**.
3. Enter your organization's **legal entity name** and **registered address**. These
must match the entity your organization uses to contract with Fordefi. Addresses
in the European Union cannot be enrolled at the moment.
4. Review the **Terms & Conditions**, then select **I agree to the Terms &
Conditions** to acknowledge them.
5. Confirm to finish. Your eligible vaults are registered automatically, and rewards
begin accruing on the USDG you hold.


## Start earning on stablecoins you already hold

If you already hold any stablecoin, you can swap into USDG to start earning rewards.
See [Swap Assets](/user-guide/swap).

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