Paxos launches MiCA-compliant USDG stablecoin in the EU

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.