Paxos Expands Global Dollar USDG to Europe with Trusted Crypto Exchang

As per source , Paxos has officially launched its new USD-backed stablecoin, USDG for people across the European Union. This launch follows the full approval from major financial regulators like the EU (MiCA), Finland (FIN-FSA) and Singapore(MAS).

It is currently available on the top crypto exchanges like Kraken and Gate which is reaching  450M+ users across 30 countries.

USDG is Backed by Strong Regulations and Global Support

USDG is a part of the Global Dollar Network(GDN) and is issued by Paxos. It is supported by major financial companies such as Robinhood, Mastercard, Worldpay, Kraken and others.

Paxos has built Global Dollar to follow all the major rules and standards making it safe and trustworthy for all users.

To meet with the EU laws. It will keep a portion of USDG’s reserve funds in European banks.

The company is also working closely with Singapore’s MAS to keep following their upcoming stablecoins rules.

Many companies and Apps already support USDG

It is already being used by the top crypto platforms like Coinmetro, SwissBorg, Zodia Custody, Bitnet, CoinsPaid, Orbital, Bitwyre and HiFi etc.

It works on major blockchains including Ethereum , Solana and Ink which gives users fast and flexible ways to use their funds.

Mark Greenberg, Global head of Consumer at Kraken says- “Stablecoins like USDG are becoming a key part of digital finance”. We are helping more people use digital dollars safely and easily.

This wide support shows that the Dollar is being used for real-world use-not just trading but also for payments and digital services.

Trusted by Regulators, Built for Everyday users

Paxos has made sure that it is not only useful but safe too. The stablecoin is always redeemable 1:1 for dollars, and its reserves are protected and audited.

This gives peace of mind to users, whether they are in Europe, Asia or from anywhere else.

Walter Hesser, Head of Strategy at Paxos says- “USDG meets the world’s top safety standards”. Our goal is to build digital money on which people can trust.

Paxos is also licensed under MAS in Singapore, one of the strictest and most respected crypto regulators worldwide.

Global Dollar Network Overview

The Global Dollar Network is a worldwide network of the top financial and crypto companies which are working together to grow the use of stablecoins.

Built around, a US dollar-backed stablecoin issued by Paxos Digital Singapore which promotes a fair and transparent system where partners are rewarded for their participation.

Conclusion: A New, Safer way to use Digital Dollars

Global Dollar is now live in the EU, Paxos is making it easier for people to use digital dollars in their daily life.

Backed by strong regulations, trusted companies and top exchanges, it is built for both security and real use.

As stablecoins become more important in finance, it is ready to lead with safety, speed and worldwide reach.