Europe Welcomes USDG Stablecoin from Robinhood and Kraken

Paxos's USD-pegged stablecoin expanded into Europe on July 1, 2025, becoming a fully MiCA-compliant USD-pegged token accessible EU-wide. The regulated fintech issuer leveraged partnerships with Robinhood, Kraken and Mastercard to bolster distribution across all EU member states.

Mastercard's involvement provides potential payment network integration opportunities, enabling traditional payment infrastructure to connect with digital assets. The partnership could facilitate broader adoption through existing merchant networks and payment processing systems.

Robinhood and Kraken facilitate seamless trading and wallet platform access, offering users direct integration with popular crypto exchanges and investment platforms. Both platforms provide established user bases and proven infrastructure for stablecoin distribution.

Paxos secured approvals from multiple regulatory bodies, including MiCA authorities, Finland's FIN-FSA, and Singapore's MAS to launch USDG across European markets. The multi-jurisdictional approval process demonstrates the company's commitment to regulatory compliance across key global markets.

Under MiCA rules, Paxos must hold a portion of Global Dollar's USD reserves with EU-based banks, ensuring liquidity and consumer protection. The regulatory framework requires strict reserve management and transparency standards that exceed many traditional stablecoin offerings.

USDG is a fully regulated global USD-stablecoin that is compliant with MiCA and now available in the EU, a testament to our commitment to offering global digital assets that are supervised by prudential regulators,

said Walter Hessert, head of strategy at Paxos.

Launched earlier in 2024 under Paxos's U.S. trust charter, the stablecoin joins Circle's USDC as a fully regulated dollar alternative in Europe, aiming to capture market share amid growing institutional and retail interest. USDG's entry creates increased competition in the European stablecoin market, potentially driving innovation and better services for users.