based on materials from the site - By crypto.news

Paxos has expanded its stablecoin Global Dollar in the European Union in accordance with new cryptocurrency regulations in the region.
The launch was announced in Paxos' press release on July 1, stating that the coin fully complies with EU rules on crypto asset markets and is regulated by the Financial Supervisory Authority of Finland. The USDG itself is not a new stablecoin. Available on the Ethereum (ETH), Solana (SOL), and Kraken's Ink blockchains, it was first launched in late 2024.
More than 450 million consumers in 30 countries can now access it thanks to its official launch as a regulated product in the EU. To comply with MiCA regulations, Paxos Issuance Europe now supports reserve assets with European banking partners, while the version issued in Singapore is still controlled by the Monetary Authority of Singapore.
USDG will be available on platforms such as Kraken, Gate, SwissBorg, Zodia Custody, Coinmetro, Orbital, Hercle, and others as part of the expansion. USDG also supports the Global Dollar Network, a decentralized ecosystem focused on scaling the use of stablecoins in payments and finance.
The network includes major industry players such as Mastercard, Kraken, Robinhood, and Anchorage Digital.

The launch coincides with a sharp increase in demand for regulated stablecoins in Europe. Paxos, already known for issuing USDG alongside PYUSD, USDP, and PAX Gold (PAXG) PayPal, expands its global presence through strict regulatory compliance and major partnerships.
In April, it partnered with Stripe to allow merchants to accept cryptocurrency payments using PYUSD and USDG. Last month, Fiserv announced plans to launch its stablecoin FIUSD on Solana using Paxos infrastructure. Mastercard also announced the same month that it would allow USDG for real-time cross-border payments through its Move network.
The company stated that due to regulatory safeguards in Europe and Asia, USDG is still fully redeemable at par for US dollars, regardless of jurisdiction. Now that MiCA compliance has been implemented, Paxos positions USDG as one of the few global stablecoins that meet strict EU regulations while maintaining usability and access across multiple blockchains.

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