PAXOS LAUNCHES USDG STABLECOIN IN EU UNDER MICA

Summary from the TLDR Crypto newsletter

Paxos launched the USDG stablecoin in Europe under MiCA via its regulated Finnish entity, offering 1:1 dollar redemption and trading on platforms like Kraken and CoinsPaid. Backed by firms including Robinhood, Galaxy, and Anchorage, USDG circulates on Ethereum, Ink, and Solana, with $322M in market cap and aims to meet increasing EU demand for dollar-pegged stablecoins.