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Paxos has launched its Global Dollar (USDG) stablecoin in the EU, touting MiCA compliance and backing from major players like Kraken and Mastercard. The stablecoin is regulated by Finland’s Financial Supervisory Authority and Singapore’s central bank.
- USDG is the first Paxos stablecoin fully compliant with EU’s MiCA framework, backed by oversight from Finland’s FSA and Singapore’s central bank.
- Major exchanges like Kraken, Robinhood, and Gate support USDG, expanding its accessibility across the EU crypto market.
- Paxos holds a portion of USDG’s reserves in European banks, ensuring transparency and alignment with MiCA’s liquidity and audit rules.
📎 Related coverage from: cointelegraph.com
Related Tags: Kraken Markets in Crypto Assets (MiCA) Stablecoin
Other Tags: Coinspaid, EU, European Union, Mastercard, Paxos, Robinhood, Zodia Custody