Paxos launches EU-compliant stablecoin USDG, joins forces with Robinhood, Mastercard, and USDC to enter the compliant race track battle.

According to the Smart Financial APP, the issuer Paxos has released the US dollar-pegged stablecoin Global Dollar (USDG-USD) to users across the European Union on Tuesday. The statement claims that this stablecoin is supported by institutions such as the retail trading platform Robinhood (HOOD.US), payment giant Mastercard (MA.US), and cryptocurrency exchange Kraken, and will soon be launched in the EU region.