The Stablecoin Global Dollar (USDG) was launched in the European Union, the PAXOS issuer claiming compliance with the regional markets in the regulation of cryptocurrencies (MICA), as well as the surveillance of the Finnish Supervisory Authority and the Central Bank of Singapore.
According to an announcement on Tuesday, the USDG issued by Paxos is now available in the EU by partners, including the exchanges of major crypto Kraken and Gate. The other platforms that offer the stablecoin include Coinmetro, Swissborg, Zodia Custody, Orbital, Hercle, Coinspaid, Bitwyrem, Bitnet and Hifi.
Paxos issues a USDG in Europe through Paxos from Europe Oy, a Finland entity supervised by the country’s financial supervision authority. Stablecoin is structured to align with Mica regulations, with part of its cash reserves held in European banks. PAXOS said it guarantees an individual acquisition and adheres to the strict MICA reserve and audit requirements.
Mark Greenberg, global consumer official at Kraken, said that “as stablecoins become basic infrastructure for global finance, the USDG is distinguished by its use and growing ecosystem.”
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World dollar infrastructure
Expansion in Europe presents itself alongside the Global Dollar Network (GDN), a Stablecoin infrastructure initiative supported by Paxos, Kraken, Robinhood, Digital Anchorage, Worldpay and more than 20 additional financial and financial companies. Mastercard recently joined the GDN initiative and announced that it would support the USDG, signaling the interest of traditional finance.
This expansion follows the launch of the end of 2024 of the Global Dollar Network in partnership with Robinhood, Galaxy Digital, Kraken and Paxos.
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Walter Hessert, head of strategy at Paxos, said: “Stablé demand continues its rapid ascent.” According to recent data from the real tokenization tracker of the real world (RWA) Rwa.xyz, the Stablecoins reached a market capitalization of 239 billion dollars at the end of June, this figure reaching $ 253.85 billion at the time of the editorial staff, according to Defillama.
A recent crypto exchange Coinbase report also shows that the interest in using stabbed has tripled from year to year since 2024. “This growth is motivated by belief among consumers and the F500 and SMEs that stablecoins can help tackle some of their biggest financial pain,” said Coinbase.
According to data from the end of May, $ 94.2 billion in Stablecoin transactions were settled between January 2023 and February 2025. “Overall, the stablecoins were established as increasing and important components of the global payment infrastructure,” said the report.
May data also show that the stablecoins providing the yield increased to $ 11 billion in circulation, which represents 4.5% of the total Stablescoin market. This indicates rapid growth, having increased by only $ 1.5 billion and a market share of 1% at the start of 2024.
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