Europe welcomes USDG as stablecoins continue to flow into the continent.
Paxos has made the Global Dollar (USDG), its fully regulated US dollar-backed stablecoin, available to consumers across the European Union following regulatory approval.
Announced on July 1, the introduction of USDG opens access to more than 450 million consumers across 30 countries.
The stablecoin is regulated under the EU’s Markets in Crypto-Assets (MiCA) framework, the Finnish Financial Supervisory Authority (FIN-FSA), and the Monetary Authority of Singapore (MAS).
“As demand for stablecoins continues its rapid ascent, Paxos is incredibly proud to introduce USDG to the European market,” said Walter Hessert, Head of Strategy at Paxos, the issuer of USDG.
“USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU, a testament to our commitment to offering global digital assets that are supervised by prudential regulators and also meet the highest standards of consumer protection.
“We’re excited to partner with some of the leading players in Europe to bring this leading standard of compliance to more than 450 million consumers in the European Union.”
Another one joins the race
The pace of stablecoin launches has accelerated in recent months, as issuers compete to gain market share and establish leadership in a growing sector.
A key driver of adoption is distribution through trusted industry partners, and USDG has secured a strong lineup. Its initial network includes Kraken, Gate, Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyre, Bitnet and HiFi.
Despite this momentum and its regulatory compliance, USDG enters an increasingly crowded market.
This saturation has led some stakeholders to launch tools designed to bring clarity to the sector. One example is Anchorage Digital’s Stablecoin Safety Matrix, a risk assessment framework created to help institutions evaluate stablecoins based on regulatory oversight and reserve quality.
USDG was among the top performers in the matrix, scoring highly in both categories. Its issuer, Paxos, was recognised for operating under strong supervision by regulators such as the MAS and for backing the coin with high-quality liquid assets.
These factors contributed to USDG receiving top marks for reserve management, further validating its appeal to institutional users and compliance-focused platforms.
“As stablecoins become core infrastructure for global finance, USDG stands out for its usability and growing ecosystem,” said Global Head of Consumer at Kraken, Mark Greenberg.
“Our focus is always on giving clients better tools to navigate the crypto economy, and supporting USDG’s expansion into Europe helps us connect more clients to the digital dollar economy.”
