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 than 450 million consumers across 30 countries can now access it thanks to its official launch as a regulated product in the EU. To comply with MiCA regulations, Paxos Issuance Europe now maintains reserve assets with European banking partners, while the Singapore-issued version is still overseen by the Monetary Authority of Singapore. USDG will be available through platforms including Kraken, Gate, SwissBorg, Zodia Custody, Coinmetro, Orbital, Hercle, and others, as part of the expansion. USDG also powers the Global Dollar Network, a decentralized ecosystem focused on scaling stablecoin use in payments and finance. Major players in the industry like Mastercard, Kraken, Robinhood, and Anchorage Digital are part of the network. You might also like: MoonPay and Mastercard partner to launch global stablecoin payments The launch coincides with a sharp rise in the demand for regulated stablecoins in Europe. Paxos, already known for issuing USDG alongside PayPal’s PYUSD, USDP, and PAX Gold ( PAXG ), has been expanding its global presence through strong regulatory alignment and major partnerships. In April, it partnered with Stripe to allow merchants to accept cryptocurrency payments using PYUSD and USDG. Last month, Fiserv revealed plans to launch its stablecoin, FIUSD, on Solana using Paxos’ infrastructure. Mastercard also announced that same month that it would allow USDG for cross-border, real-time payments through its Move network. The company asserted that with regulatory protections in place across Europe and Asia, USDG is still fully redeemable at par for US dollars, regardless of jurisdiction. Now that MiCA compliance has been implemented, Paxos is establishing USDG as one of the few global stablecoins that meet strict EU regulations while maintaining usability and access across multiple blockchains. Read more: Circle applies for a national trust bank charter to manage USDC reserves
