Digital asset company Paxos has introduced its Global Dollar (USDG) stablecoin across the European Union.
USDG is launching in Europe in compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations, supported by a portion of reserve assets held with European banking partners.
The stablecoin is accessible through various distribution partners, including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, and Orbital.
Walter Hessert, head of strategy at Paxos, commented, “USDG is a fully regulated global USD stablecoin that aligns with MiCA and is now available in the EU. This reflects our commitment to providing global digital assets that are overseen by prudential regulators and uphold the highest standards of consumer protection. We’re excited to collaborate with leading players in Europe to extend this standard of compliance to over 450 million consumers in the European Union.”