The European Union’s digital finance landscape is undergoing a transformative shift with the official launch of Global Dollar (USDG), a fully regulated, U.S. dollar-backed stablecoin compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation. Issued by Paxos and now available across the EU, USDG marks a major milestone in the evolution of cross-border digital payments, offering seamless access to over 450 million consumers in 30 countries.
Backed by the Global Dollar Network (GDN) and issued through Paxos Issuance Europe OY (PIE)—a Finnish entity regulated by the Finnish Financial Supervisory Authority (FIN-FSA)—USDG meets rigorous prudential standards while aligning with MiCA’s comprehensive framework for crypto-asset regulation. This strategic compliance ensures trust, transparency, and financial stability for users and institutional partners alike.
A Regulated Stablecoin for the European Market
As demand for digital dollars surges across Europe, regulatory clarity has become essential. USDG rises to meet this challenge as one of the first globally issued stablecoins to achieve compliance with both MiCA and oversight from the Monetary Authority of Singapore (MAS). This dual-regulatory alignment underscores Paxos’ commitment to operating under recognized financial supervision frameworks.
“As demand for stablecoins continues its rapid ascent, Paxos is incredibly proud to introduce USDG to the European market,” said Walter Hessert, Head of Strategy at Paxos. “USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU—a testament to our commitment to offering global digital assets that are supervised by prudential regulators and meet the highest standards of consumer protection.”
With reserves held in partnership with European banking institutions, USDG ensures full redemption at par value for all EU-based holders. This safeguard guarantees that every token remains backed 1:1 by U.S. dollars, reinforcing confidence in its stability and liquidity.
👉 Discover how regulated stablecoins are shaping the future of global finance.
Expanding Access Through Strategic Partnerships
USDG is now available on leading platforms such as Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, and others, providing users with multiple on-ramps to access the digital dollar economy. It operates natively on high-performance blockchains including Solana, Ethereum, and Ink, enabling fast, low-cost transactions across borders.
Mark Greenberg, Global Head of Consumer at Kraken, emphasized the importance of usability and trust:
“As stablecoins become core infrastructure for global finance, USDG stands out for its usability and growing ecosystem. Our focus is always on giving clients better tools to navigate the crypto economy, and supporting USDG's expansion into Europe helps us connect more clients to the digital dollar economy.”
This broad distribution network reflects a coordinated effort by industry leaders to standardize secure, interoperable digital asset infrastructure.
Powering the Global Dollar Network
At the heart of USDG’s impact lies the Global Dollar Network (GDN)—an open, decentralized consortium of top-tier fintechs and financial institutions dedicated to accelerating stablecoin adoption worldwide. Founding members include Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, with recent additions like Mastercard and Fiserv further expanding its reach.
The GDN operates on a transparent economic model that rewards partners for driving real-world utility—from payments and remittances to commerce and financial inclusion. By unifying regulatory compliance, technical innovation, and shared incentives, the network aims to create a more accessible and efficient financial system.
Core Keywords:
- Global Dollar (USDG)
- MiCA compliance
- EU stablecoin launch
- Paxos regulated stablecoin
- USD-backed digital currency
- Global Dollar Network
- Solana blockchain
- Digital finance innovation
Regulatory Alignment Across Jurisdictions
Since its initial release in November 2024, USDG issuance through Paxos Digital Singapore Pte. Ltd. has maintained substantial compliance with MAS’ upcoming stablecoin framework. To meet MiCA requirements, Paxos has established a dedicated European issuance vehicle—Paxos Issuance Europe—that holds reserve assets within EU banking partners under FIN-FSA supervision.
Paxos remains in active consultation with MAS to ensure continued alignment with Singapore’s evolving regulatory expectations. Despite jurisdictional differences, robust safeguards ensure that all USDG holders—regardless of location—can redeem their tokens at face value, maintaining parity and trust across markets.
This multi-jurisdictional approach positions USDG as a truly global digital asset, bridging regulatory frameworks without compromising on security or accessibility.
👉 Learn how compliant stablecoins are unlocking new financial opportunities worldwide.
Frequently Asked Questions (FAQ)
Q: What is USDG?
A: USDG is a U.S. dollar-backed stablecoin issued by Paxos and fully compliant with MiCA. Each token is backed 1:1 by U.S. dollars and redeemable at par value through Paxos Issuance Europe.
Q: Is USDG available to all EU residents?
A: Yes, USDG is now accessible to consumers across all 30 European countries covered under MiCA regulations through supported exchanges and platforms.
Q: Which blockchains support USDG?
A: USDG is available on Solana, Ethereum, and Ink—offering users fast transaction speeds and low fees depending on their preferred network.
Q: How does Paxos ensure compliance with both EU and Singapore regulations?
A: Paxos issues USDG through separate legal entities—Paxos Issuance Europe (under FIN-FSA/MiCA) and Paxos Digital Singapore (under MAS)—ensuring adherence to local regulatory standards while maintaining global interoperability.
Q: Can I redeem USDG for cash?
A: Yes, all USDG holders in the EU have the right to redeem their tokens directly with Paxos Issuance Europe at par value for U.S. dollars at any time.
Q: Who backs the Global Dollar Network?
A: The GDN is supported by over 20 leading financial services firms, including Anchorage Digital, Kraken, Mastercard, Robinhood, Worldpay, and Fiserv.
The Future of Digital Dollars in Europe
The launch of USDG in the EU represents more than just a product rollout—it signals a maturing digital asset ecosystem where regulation, innovation, and user protection converge. As traditional finance integrates deeper with blockchain technology, compliant stablecoins like USDG will play an increasingly central role in cross-border payments, remittances, trade settlements, and everyday digital transactions.
With strong backing from regulators and industry giants alike, USDG sets a new benchmark for what a globally interoperable, locally compliant stablecoin can achieve.
👉 Explore how next-generation stablecoins are transforming global finance today.
About Paxos
Paxos is a leading regulated blockchain infrastructure and tokenization platform powering the future of open finance. Licensed by the New York Department of Financial Services (NYDFS), MAS, FIN-FSA, and FSRA in Abu Dhabi, Paxos provides secure custody, trading, and issuance solutions for digital assets. It powers regulated tokens such as PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). Through its affiliate Paxos International, it also issues Lift Dollar (USDL), a yield-bearing stablecoin.
With over $500 million raised from top-tier investors—including Oak HC/FT, Founders Fund, and PayPal Ventures—Paxos continues to lead innovation in compliant digital asset ecosystems.
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