The European digital economy has gained a new serious participant. The Global Dollar (USDG), developed by the renowned Paxos company, is now officially available in the European Union.

Paxos launches USDG through Paxos Emission Europe OY, based in Finland. And this is not an accident. The Finnish Financial Regulator (FIN-FSA) will become one of the key supervisory authorities for crypto assets under MiCA. An important point is the participation of the Central Bank of Singapore (MAS), whose authority in the field of digital technologies is recognized worldwide, which gives the project importance in the international arena. Such dual regulatory support is a serious argument for corporate finance and financial organizations seeking reliability in the unstable world of cryptocurrencies.

Europeans and companies can easily use USDG due to its many integrations. Large crypto exchanges such as Kraken and Gate serve as the main entry points, offering the necessary liquidity and familiar tools. Other platforms have joined them: Zodiac Custody and Bitwyre, SwissBorg and HiFi, CoinsPaid and Orbital, as well as Coinmetro, Hercle and Bitnet.

Together, they form an extensive system for accessing USDG. This is an entire infrastructure that allows USDG to be seamlessly integrated into a wide variety of business processes.

The main feature of the European USDG is that it takes into account the MiCA rules in advance. This is evident in three main points.

First of all, reserves are stored mainly in Europe: a significant part of the assets that maintain the stability of the token are physically located in reliable European banks. This not only reduces the risks associated with international transfers, but also meets the transparency and control requirements of European regulators.

Secondly, instant and full redemption is always guaranteed. The ability to exchange 1 USDG for 1 US dollar remains the foundation of trust in the token. The buyback mechanism works quickly and smoothly, which is very important for its use in normal business operations.

Thirdly, Paxos strives for maximum transparency by regularly conducting independent audits of the composition and condition of reserves, as well as ensuring their strict segregation.

The appearance of USDG in Europe is just one of the elements of a large–scale Global Dollar Network (GDN) initiative. This project, which brought together major players such as Paxos, Kraken, Robinhood, Anchorage Digital, Worldpay and more than twenty other companies, significantly strengthened its position after joining Mastercard.

The arrival of such a giant as Mastercard in this field is a strategic combination of the traditional and the new. Mastercard provides USDG with access to its huge network of merchants, thereby opening up the possibility for a huge number of ordinary people to use this stablecoin in everyday transactions. This can make cryptocurrency more accessible and convenient for daily purchases.