The Global Dollar (USDG), a fully regulated USD-backed stablecoin compliant with the EU's Markets in Crypto-Assets (MiCA) framework, is now available to consumers across the European Union. Issued by Paxos and backed by the Global Dollar Network (GDN), USDG marks a pivotal advancement in providing a secure, compliant digital dollar solution for Europe's 450+ million consumers.
Key Features of USDG
- Regulatory Compliance: Supervised by the Finnish Financial Supervisory Authority (FIN-FSA) and aligned with Monetary Authority of Singapore (MAS) guidelines.
- Global Accessibility: Available on major platforms like Kraken, Gate.io, Coinmetro, and SwissBorg, with support for Ethereum, Solana, and Ink blockchains.
- 1:1 USD Backing: Fully redeemable for U.S. dollars, ensuring price stability and transparency.
- Ecosystem Partnerships: Supported by industry leaders including Mastercard, Fiserv, Robinhood, and Worldpay.
Why USDG Matters for the EU
Meeting Market Demand
Europe's crypto ecosystem is experiencing rapid growth, with increasing demand for dollar-denominated stablecoins. USDG fills this gap as a MiCA-compliant option, offering:
- Consumer Protection: Adheres to stringent EU financial regulations.
- Institutional-Grade Infrastructure: Built by Paxos, a NYDFS-regulated entity with $500M+ in funding.
- Real-World Utility: Facilitates cross-border payments, remittances, and crypto trading.
👉 Discover how USDG compares to other stablecoins
Partner Ecosystem
The Global Dollar Network unites 20+ fintech leaders to drive adoption:
- Anchorage Digital (Custody Solutions)
- Kraken (Exchange Integration)
- Mastercard (Payment Rails)
- Paxos (Regulated Issuance)
Regulatory Milestones
- November 2024 Launch: Initial issuance under MAS oversight in Singapore.
- MiCA Compliance: Reserve assets held with European banks via Paxos Issuance Europe (FIN-FSA regulated).
- Future-Proof: Continuous dialogue with MAS and EU authorities to maintain compliance.
FAQs About USDG
1. How is USDG different from other stablecoins?
USDG is uniquely regulated under MiCA and backed by a consortium of trusted financial institutions, ensuring redemption guarantees and transparency.
2. Where can I buy USDG in the EU?
Available on Kraken, Gate.io, SwissBorg, and other partnered platforms. 👉 Trade USDG today
3. Is USDG safe?
Yes. All reserves are audited, and issuers are licensed by FIN-FSA (EU) and MAS (Singapore).
4. What blockchains support USDG?
Ethereum, Solana, and Ink (with potential expansions).
5. Can businesses integrate USDG?
Absolutely. The Global Dollar Network offers APIs for enterprises seeking stablecoin solutions.
About Global Dollar Network
GDN is a collaborative initiative by Anchorage Digital, Kraken, Paxos, and Robinhood to accelerate stablecoin adoption. Its equitable economic model rewards partners for contributing to network growth.
About Paxos
- Founded: 2012
- Regulations: NYDFS, MAS, FIN-FSA, FSRA
- Products: PayPal USD (PYUSD), Pax Dollar (USDP), Pax Gold (PAXG)
- Mission: To rebuild financial infrastructure for faster, borderless asset movement.
For Media Inquiries:
Contact: [email protected]
Whitepaper: paxos.com/eu
USDG represents the future of compliant digital dollars—bridging traditional finance and crypto economies.