Paxos is taking its Global Dollar stablecoin (USDG) to Europe, making it officially available to users under the European Union\u2019s newly established crypto regulations.<\/p>\n\n\n\n
The company announced the move in a press release on July 1, stating that USDG is now fully compliant with the EU\u2019s Markets in Crypto-Assets (MiCA) framework. The stablecoin, regulated by Finland\u2019s Financial Supervisory Authority, marks one of the first major stablecoins to secure a green light under the region\u2019s tighter regulatory standards.<\/p>\n\n\n\n
Though USDG itself isn\u2019t brand new it initially launched in late 2024 it\u2019s now accessible to more than 450 million consumers across 30 countries thanks to this official EU debut. USDG operates on multiple blockchains, including Ethereum, Solana, and Kraken\u2019s Ink blockchain.<\/p>\n\n\n\n
As part of complying with MiCA requirements, Paxos Issuance Europe is holding USDG\u2019s reserve assets with European banking partners. Meanwhile, the version of USDG issued out of Singapore continues to be regulated by the Monetary Authority of Singapore.<\/p>\n\n\n\n
European users will be able to access USDG through a variety of platforms like Kraken, Gate, SwissBorg, Zodia Custody, Coinmetro, Orbital, Hercle, and others. Beyond being just another stablecoin, USDG is the backbone of the Global Dollar Network a decentralized ecosystem designed to expand stablecoin use in payments and finance.<\/p>\n\n\n\n
Big industry names such as Mastercard, Kraken, Robinhood, and Anchorage Digital are already involved in the network, highlighting how established financial players are increasingly embracing digital assets.<\/p>\n\n\n\n
The timing of the launch couldn\u2019t be better. Demand for regulated stablecoins has been surging in Europe as both consumers and businesses look for safer, compliant ways to engage with crypto. Paxos, known for issuing several stablecoins including PayPal\u2019s PYUSD, USDP, and PAX Gold (PAXG), has been steadily expanding its global reach through strategic partnerships and regulatory compliance.<\/p>\n\n\n\n
In April, Paxos teamed up with Stripe to enable merchants to accept crypto payments using PYUSD and USDG. Just last month, payments giant Fiserv announced plans to launch its own stablecoin, FIUSD, on Solana using Paxos\u2019 technology. Mastercard also recently revealed that USDG would be integrated into its Move network, allowing for real-time, cross-border payments.<\/p>\n\n\n\n
Paxos emphasized that no matter where users are based, USDG remains fully redeemable at a 1:1 ratio for US dollars. With MiCA compliance now secured, the company is positioning USDG as one of the few truly global stablecoins that not only meet strict European regulations but also maintain broad usability across multiple blockchains.<\/p>\n\n\n\n
It\u2019s a significant step for both Paxos and the evolving stablecoin market as regulatory clarity continues to shape the future of digital finance.<\/p>\n\n\n\n
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Paxos is taking its Global Dollar stablecoin (USDG) to Europe, making it officially available to users under the European Union\u2019s newly established crypto regulations. The company announced the move in a press release on July 1, stating that USDG is now fully compliant with the EU\u2019s Markets in Crypto-Assets (MiCA) framework. The stablecoin, regulated by…<\/p>\n","protected":false},"author":3,"featured_media":9762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[797,1332,1333],"class_list":["post-9761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-mica","tag-paxos","tag-usdg"],"yoast_head":"\n