Paxos launches MiCA-compliant USDG stablecoin in the EU
2025-07-01 09:30:47
Main Idea
Paxos has launched USDG, a MiCA-compliant stablecoin regulated by Finland’s Financial Supervisory Authority, expanding its availability across multiple platforms and networks.
Key Points
1. USDG is fully compliant with the EU’s Markets in Crypto-Assets Regulation (MiCA) framework and regulated by Finland’s Financial Supervisory Authority.
2. The stablecoin is available on Ethereum, Solana, and other platforms, including Kraken, Gate, SwissBorg, and Zodia Custody.
3. USDG powers the Global Dollar Network, which includes major industry players like Mastercard, Kraken, Robinhood, and Anchorage Digital.
4. Paxos, known for issuing USDG alongside PayPal’s PYUSD, USDP, and PAX Gold, is expanding its global presence through regulatory alignment and partnerships.
5. USDG is fully redeemable at par for US dollars across jurisdictions, including Europe and Asia.
Description
Paxos has expanded its Global Dollar stablecoin into the European Union under the region’s new crypto regulations. The launch was announced in a July 1 press release by Paxos, revealing that the coin is fully compliant with the EU’s Markets in Crypto-Assets Regulation framework and regulated by Finland’s Financial Supervisory Authority. USDG itself is not a new stablecoin. Available on the Ethereum ( ETH ), Solana ( SOL ), and Kraken’s Ink blockchain, it was first launched in late 2024. More tha...
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