Stablecoin × country checker: PYUSD in Germany

Issuer licence records

• Electronic Money Institution No. 32368862 — Paxos Issuance Europe Oy (LEI 743700KYSSTKZYGEUF50, EMI since 23/11/2022); EMTs: USDG, EUROe, eUSD (ESMA register); PYUSD and USDP are not EMTs
  Dataset status: AuthorizedFIN-FSARecorded in another EU member state (FI); passporting into Germany not verified
  esma.europa.eu ↗ dataset as of 2026-10-26

Token approval by a regulator

Not verified — no token-level regulator record for PYUSD in Germany in the dataset.

Applicable laws & status

• Markets in Crypto-Assets Regulation (EU) 2023/1114 (MiCA)
  Dataset status: In forceEBA, ESMA, national competent authorities31 May 2023 · effective Titles III–IV (ART/EMT): 30 Jun 2024; full application 30 Dec 2024European Union
  eur-lex.europa.eu ↗ link checked 2026-10-26
• MiCA full application (CASPs)
  Dataset status: In Force30 Dec 2024European Union (implementation milestone)
  esma.europa.eu ↗ link checked 2026-10-26
• ESMA expectations — non-MiCA stablecoins
  Dataset status: Published8 Oct 2026 (per TZ)European Union (implementation milestone)
  Not verified claim from internal specification, not checked against primary document · dataset link ↗ · dataset as of 2026-10-26

Licensed providers supporting it

Not verified Licensed providers: no issuer-published provider list in the dataset for Paxos