The Global Dollar (USDG), a USD-backed stablecoin issued by regulated fintech Paxos and backed by notable companies such as Robinhood and Kraken, is now available in the European Union (EU). USDG is fully compliant with the EU's Markets in Crypto-Assets (MiCA) regulations, as well as regulations from the Finnish Financial Supervisory Authority (FIN-FSA) and the Monetary Authority of Singapore (MAS). This compliance is part of Paxos' strategy to meet high standards for consumer protection while offering global digital assets regulated by prudential authorities. With increasing demand for U.S. dollar-backed stablecoins in the EU, particularly in light of Circle's USDC being a dominant option, USDG aims to provide a significant alternative regulated choice. Paxos insists that it maintains a portion of USDG's reserve assets with European banking partners to fulfill MiCA requirements.

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