The European Union is stepping into a new era of digital finance with the official consumer 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 available across leading crypto platforms such as Kraken and Gate, USDG is now accessible to over 450 million consumers across 30 EU countries.
Backed by the Global Dollar Network (GDN)—an open ecosystem of top-tier fintechs and financial institutions—USDG is designed to bridge traditional finance with the digital economy. Its regulatory compliance with MiCA, the Finnish Financial Supervisory Authority (FIN-FSA), and the Monetary Authority of Singapore (MAS) sets a new benchmark for transparency, consumer protection, and global interoperability.
A Regulated Stablecoin for the European Market
As crypto adoption accelerates across Europe, demand for reliable, compliant stablecoins has surged. USDG meets this need head-on by offering a secure, auditable, and globally interoperable digital dollar solution.
“With stablecoin demand rising rapidly, Paxos is proud to bring USDG to Europe,” said Walter Hessert, Head of Strategy at Paxos. “This launch reflects our commitment to delivering digital assets that are prudently regulated and built on the highest standards of consumer protection. By partnering with trusted European platforms, we’re bringing compliant innovation to millions.”
USDG is now available on major exchanges and platforms including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyre, Bitnet, and HiFi. The stablecoin operates across multiple blockchains—Solana, Ethereum, and Ink—ensuring fast, low-cost transactions with broad network compatibility.
Expanding the Global Dollar Network
USDG powers the Global Dollar Network (GDN), an open alliance of over 20 industry leaders working collectively to drive stablecoin adoption worldwide. Founding members include Anchorage Digital, Kraken, Robinhood, Paxos, Nuvei, and Galaxy Digital. Recently, Mastercard and Fiserv joined the ecosystem, signaling growing institutional confidence in regulated digital dollars.
The GDN’s mission is to make digital dollars more accessible, efficient, and equitable. By aligning incentives across issuers, custodians, payment processors, and exchanges, the network fosters innovation while maintaining strict compliance and financial integrity.
Regulatory Compliance Across Jurisdictions
One of USDG’s key strengths is its multi-jurisdictional regulatory framework. In the EU, USDG is issued by Paxos Issuance Europe OY (PIE), which operates under FIN-FSA supervision and full MiCA compliance. This ensures that reserve assets are held with European banking partners, enhancing local oversight and financial stability.
Meanwhile, Paxos Digital Singapore Pte. Ltd., which initially launched USDG in November 2024, remains substantially compliant with MAS’s upcoming stablecoin regulations. Paxos is actively working with MAS on a transition plan to maintain alignment across both regulatory regimes.
Crucially, all USDG holders—regardless of location—can redeem their tokens at par value for U.S. dollars. This one-to-one redeemability is safeguarded by rigorous reserve management and regulatory oversight from both MAS and EU authorities.
Built on Trust and Transparency
Paxos has long been a pioneer in regulated blockchain infrastructure. Licensed by the New York Department of Financial Services (NYDFS), MAS, FIN-FSA, and FSRA in Abu Dhabi, the company has raised over $500 million from top-tier investors like PayPal Ventures, Founders Fund, and Oak HC/FT.
Its track record includes issuing PayPal USD (PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). With USDG, Paxos extends its leadership in creating trusted digital assets that integrate seamlessly into modern financial systems.
Mark Greenberg, Global Head of Consumer at Kraken, emphasized USDG’s strategic value: “As stablecoins become core infrastructure for global finance, USDG stands out for its usability and growing ecosystem. Supporting its expansion into Europe allows us to offer clients better tools to engage with the digital dollar economy.”
Real-World Use Cases and Ecosystem Growth
Beyond trading and speculation, USDG is designed for real-world utility:
- Cross-border payments: Enables near-instant international transfers with minimal fees.
- Merchant settlements: Integrates with payment processors like Worldpay for seamless fiat-to-digital conversions.
- DeFi and lending: Compatible with decentralized finance protocols on Solana and Ethereum.
- Institutional custody: Supported by regulated custodians such as Zodia and Anchorage Digital.
As more businesses adopt digital dollars, USDG’s compliance-first model positions it as a preferred choice for enterprises seeking regulatory safety without sacrificing innovation.
👉 See how businesses are leveraging compliant stablecoins for faster global transactions.
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Frequently Asked Questions
Q: What is USDG?
A: USDG is a U.S. dollar-backed stablecoin issued by Paxos and fully compliant with MiCA in the EU. It is redeemable 1:1 for USD and operates across multiple blockchains including Solana and Ethereum.
Q: Is USDG safe and regulated?
A: Yes. USDG is prudentially regulated by the Finnish Financial Supervisory Authority (FIN-FSA) under MiCA in Europe and supervised by the Monetary Authority of Singapore (MAS). Reserves are held securely with regulated banking partners.
Q: Where can I buy USDG in the EU?
A: USDG is available on major platforms including Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, and others across 30 European countries.
Q: Can I redeem USDG for cash?
A: Yes. All USDG holders have the right to redeem tokens at par value directly through Paxos Issuance Europe at any time.
Q: How does USDG differ from other stablecoins?
A: Unlike many stablecoins, USDG meets strict regulatory standards in both the EU and Singapore. It’s part of the Global Dollar Network, which aligns top fintechs around a shared vision of compliant innovation.
Q: Is USDG available outside the EU?
A: While currently launched for EU consumers, USDG was first introduced in November 2024 through Paxos Digital Singapore. Its global rollout continues in alignment with local regulations.
The Future of Digital Dollars in Europe
The launch of USDG marks a pivotal moment in Europe’s financial evolution. As MiCA paves the way for responsible crypto innovation, regulated stablecoins like USDG offer a secure bridge between traditional banking and decentralized finance.
With strong backing from industry leaders and adherence to global regulatory standards, USDG is poised to become a cornerstone of cross-border payments, institutional settlements, and everyday digital transactions across Europe—and beyond.