Transak has added support for Global Dollar (USDG), the new U.S. dollar-backed stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe, according to an announcement on September 22. The move makes compliant, audit-backed digital dollars accessible to over 10 million users worldwide through Transak’s fiat-to-crypto infrastructure.
USDG powers the Global Dollar Network and is backed one-to-one with U.S. dollar reserves, primarily in high-quality liquid assets such as U.S. Treasuries.
Paxos Digital Singapore, the issuer, holds a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS), while Paxos Issuance Europe is regulated by Finland’s Financial Supervisory Authority (FIN-FSA).
Expanding global stablecoin access
With the integration, Transak becomes one of the first fiat on-ramps to directly offer USDG. Users can purchase the 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. Listing USDG, one of the first MiCA-approved stablecoins, is a huge step forward in making regulated crypto rails available to users worldwide,” said Sami Start, CEO, Transak
The platform manages compliance, custody, and settlement processes in the background, allowing users to acquire USDG in a simplified and regulated environment.
MiCA compliance and institutional adoption
USDG is the first stablecoin issued by a U.S.-based entity to achieve full compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). The framework mandates strict reserve requirements, monthly attestations, and redemption guarantees, aiming to provide transparency and consumer protection.
In addition to retail use, USDG is positioned for institutional adoption. Paxos describes the token as enterprise-grade, designed for payment processors, financial institutions, and developers seeking stablecoin integrations for payments, settlements, and custody solutions.
USDG is currently available on Ethereum (ETH), Solana (SOL), and Ink, with support from partners including Anchorage Digital, Bullish, Kraken, OKX, Paxos, Robinhood, and Worldpay.
Featured image via Shutterstock.
