Circle Gains a Rival as Paxos Launches USDG in EU
Hey FinTech Fanatic!
There’s a new USD-based stablecoin in town. Paxos has launched Global Dollar (USDG) across the EU, following approval under the region’s new MiCA framework.
Backed by Robinhood, Kraken, and Mastercard, USDG enters a market opening up to regulated dollar tokens. With oversight from Finland’s FIN-FSA and Singapore’s MAS, Paxos is positioning itself early in this regulated space.
For users in the EU, USDG adds another MiCA-compliant option alongside Circle’s USDC, which has so far dominated this segment.
“USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU,” said Walter Hessert, head of strategy at Paxos, “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.”
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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