Robinhood, Kraken-Backed Global Dollar (USDG) Comes to Europe

Global Dollar (USDG) , a stablecoin issued by regulated fintech Paxos, and backed by a consortium of heavy hitters that includes Robinhood, Kraken and Mastercard, is being made available to consumers across the European Union, according to a press release on Tuesday. USDG is regulated by Europe’s Markets in Crypto-Assets (MiCA) , the Finnish Financial Supervisory Authority (FIN-FSA) , and the Monetary Authority of Singapore (MAS) , Paxos said in a statement. Demand for U.S. dollar-backed stablecoins is growing in Europe where Circle’s USDC token is the largest MiCA-regulated choice....