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.