NewsBriefs - Paxos launches MiCA-compliant Global Dollar stablecoin in the EU

Jul 1, 1:02 PM Cointelegraph

Paxos launches MiCA-compliant Global Dollar stablecoin in the EU

Paxos has launched its Global Dollar (USDG) stablecoin in the European Union, ensuring compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) and oversight from both the Finnish Financial Supervisory Authority and Singapore's central bank. The stablecoin, available through partners such as Kraken and Gate, is part of a broader push into European markets, aligning with MiCA norms including reserve requirements and audit protocols. The launch is supported by the Global Dollar Network, an infrastructure project backed by financial and fintech giants like Kraken, Robinhood, and Mastercard.

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