Transak has added support for Global Dollar (USDG), a new US dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issue Europe, according to a September 22nd announcement. The move has made it accessible to over 10 million users worldwide through Transak’s Fiat-Crypto Infrastruture.
USDG strengthens its global dollar network and supports US dollar reserves, primarily high-quality liquid assets such as the US Treasury, 1:1.
The issuer, Paxos Digital Singapore, holds a major payment agency (MPI) license from the Singapore Monetary Authority (MAS), but Paxos issuance Europe is regulated by the Finnish Financial Supervisory Authority (FIN-FSA).
Expanding global Stablecoin access
With the integration, Transak will be one of the first Fiat-on-Ramps to offer USDG directly. Users can purchase Stablecoin through bank transfers, credit and debit cards, Google Pay, Apple Pay, and other local methods.
“At Transak, we believe that the next wave of Stablecoin adoption will be built on trust, compliance and accessibility. One of the first MICA approved stub coins, the USDG list is a major step forward in making it possible for users around the world to access regulated crypto rails.” Sami Start, CEO of Transak, said
The platform manages compliance, custody, and payment processes in the background, allowing users to obtain USDG in a simplified, regulated environment.
MICA Compliance and Institutional Adoption
USDG is the first Stablecoin issued by a US-based entity to achieve full compliance with the EU market in Crypto-Assets Regulation (MICA). The framework requires strict reserve requirements, monthly proof, and reimbursement guarantees, aimed at providing transparency and consumer protection.
In addition to retail use, the USDG is positioned for institutional adoption. Paxos describes the token as a corporate grade designed for payment processors, financial institutions, and developers seeking Stablecoin integration for payment, settlement and custody solutions.
USDG is currently available on Ethereum (Eth), Solana (Sol), and Ink, and is supported by partners such as Anchorage Digital, Bullish, Kraken, Okx, Paxos, Robinhood, and WorldPay.
Special images via ShutterStock.
