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Global Dollar (USDG) Launches in the EU

On July 1, 2025, the Global Dollar (USDG) made its significant debut across the European Union, providing consumers with access to a fully regulated stablecoin. This launch marks a pivotal moment for digital finance in Europe, especially as the demand for U.S. dollar-backed stablecoins surges among users.

USDG is regulated under the EU's Markets in Crypto-Assets (MiCA) framework, as well as the Finnish Financial Supervisory Authority (FIN-FSA) and the Monetary Authority of Singapore (MAS). Backed by the Global Dollar Network (GDN) and issued by Paxos, this digital currency offers compliance and security to a market with over 450 million potential users across 30 countries.

The introduction of USDG aligns perfectly with the rapidly expanding European crypto ecosystem. As traditional financial structures evolve, alternative assets like stablecoins play a crucial role in reshaping economic landscapes. USDG provides a trustworthy and compliant option in a market increasingly looking for effective financial solutions powered by blockchain technology.

Walter Hessert, the Head of Strategy at Paxos, emphasized the significance of this launch, stating, "As demand for stablecoins continues its rapid ascent, Paxos is incredibly proud to introduce USDG to the European market. USDG is a fully regulated global USD-stablecoin that is compliant with MiCA, serving as a testament to our commitment to delivering supervised global digital assets with the utmost consumer protection standards."

Top-tier industry players such as Kraken, Gate, Coinmetro, and more have joined the movement, providing platforms for consumers to engage seamlessly with USDG. The launch further cements partnerships with renowned firms like Mastercard and Robinhood, who are committed to expanding the stablecoin's real-world applications.

USDG operates on Solana, Ethereum, and the new Ink blockchain, strengthening its technological foundation. As these platforms are designed to enhance user experience and promote transaction efficiency, the entrance of USDG on these networks signifies a constructive step towards broader crypto adoption in everyday financial activities.

Recent regulatory developments have seen Paxos working closely with authorities in Singapore and Europe, ensuring compliance with respective frameworks while also satisfying customer demands for stability and liquidity in digital transactions. USDG's redeemability at par value against the U.S. dollar ensures confidence among users, encouraging higher participation rates in the crypto economy.

Furthermore, GDN aims to catalyze the global adoption of stablecoins by creating a transparent economic model that rewards all partners involved in the network. This collective effort brings together a dynamic coalition of fintech leaders tackling the challenges of accessibility and efficiency within the financial system.

In the context of the broader financial landscape, USDG's launch exemplifies the convergence of regulatory compliance, user-centric design, and strategic collaborations. As more institutions recognize the importance of digital assets in their offerings, USDG stands out as a vital player in the evolving ecosystem of global finance.

Paxos has already demonstrated its capabilities in driving regulatory compliance across borders. With a robust infrastructure supporting USDG, users can be assured of effective governance and operational excellence. As digital finance continues to evolve, innovations like USDG will likely play an increasingly pivotal role in ensuring financial inclusivity and technological advancement.

For more details, visit paxos.com/eu and access the EU USDG White Paper at paxos.com.