Robinhood(US:HOOD) Zhi Tong Cai Jing·2025-07-02 02:32Group 1 - Paxos has launched the USDG stablecoin in the EU, supported by major institutions like Robinhood, Mastercard, and Kraken, providing access to over 450 million consumers across 30 countries [1][2] - USDG has received certification under the EU's Markets in Crypto-Assets (MiCA) regulation and is regulated by the Finnish Financial Supervisory Authority and the Monetary Authority of Singapore [1] - The stablecoin will be issued by Paxos Issuance Europe OY, which complies with the new EU crypto asset framework, and will maintain cash reserves in European banks for one-to-one redemption [1] Group 2 - There is a growing demand for dollar-pegged currencies, with USDG expected to compete with other regulated stablecoins like Circle's USDC, which is currently the largest MiCA-compliant token [2] - USDG is set to launch in November 2024 and will support the Global Dollar Network (GDN), a coalition of industry leaders aimed at promoting stablecoin adoption [2] - Robinhood has announced a comprehensive suite of crypto products, enhancing its competitive position in the crypto market and indicating the emergence of "tokenized Wall Street" [2]