The Global Dollar (USDG) stablecoin has launched in the European Union, with the issuer Paxos declaring compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) and receiving oversight from the Finnish Financial Supervisory Authority and Singapore's central bank. USDG is available in the EU via partnerships with crypto exchanges such as Kraken and Gate, among others. Paxos issues USDG through Paxos Issuance Europe OY, ensuring one-to-one redemption and compliance with MiCA's reserve and audit standards. The launch aligns with the broader Global Dollar Network, supported by multiple financial and fintech firms, including Mastercard, demonstrating interest from traditional finance. The demand for stablecoins continues to rise, with the market capitalization of stablecoins reaching $253.85 billion, a testament to their growing role in global finance. As stablecoins are embedded into financial infrastructure, the report highlights the increasing importance of yield-bearing stablecoins, which represent a significant market share growth since early 2024.

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