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Paxos has officially launched its Global Dollar (USDG) stablecoin across the European Union, providing a fully regulated dollar-pegged crypto option. The introduction of USDG to the EU market marks a significant milestone in the global adoption of decentralized digital assets, catering to a growing demand for secure and compliant stablecoins.
The newly released USDG is pegged to the US dollar at a one-to-one ratio, ensuring the utmost stability and security for users. To ensure compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, Paxos Issuance Europe will oversee USDG’s activities in the region, under the supervision of the Finnish Financial Supervisory Authority (FIN-FSA).
USDG stands out as it offers a unique combination of regulatory rigor and strong ecosystem backing. This new development can have a profound impact on the cryptocurrency market, as it provides consumers with access to reliable, regulated digital assets.
In a statement, Paxos emphasized the significance of USDG’s launch in the EU. “We are thrilled to bring a fully compliant and dollar-pegged option to the European Union,” said Paxos’ CEO. “Our commitment to regulatory compliance sets us apart from other stablecoin offerings. We believe that our clients will appreciate this level of transparency, security, and stability.”
As USDG expands its operations across Europe, it is poised to become a major player in the region’s cryptocurrency landscape.
Source: coincentral.com
