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Paxos Launches USDG Stablecoin in the EU Under MiCA Compliance

  • Paxos has launched its stablecoin, Global Dollar (USDG), in the European Union under the MiCA framework beginning on 1 July.
  • USDG is regulated by the EU's Markets in Crypto-Assets framework and overseen by FIN-FSA and MAS, making it accessible to over 450 million consumers across 30 countries.
  • The stablecoin is available on various platforms including Kraken, Gate, Coinmetro, and supported on Ethereum, Solana, and Ink blockchains.
  • Paxos aims to accelerate stablecoin adoption in real-world financial use cases through the Global Dollar Network (GDN) ecosystem.

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