# USDG in DE — Stablecoin × Country Checker | StableRadar

> USDG in DE: issuer licence records, token approvals, applicable laws and licensed providers with official primary sources and check dates. Not legal advice.

Canonical: https://stableradar.com/check/usdg/de
Generated: 2026-11-13T12:44:25.849Z (live figures are a snapshot at build time; see the canonical page for current values)

# Stablecoin × country checker: USDG in Germany
Public licence, token-approval, law and provider records with official sources. Part of [Regulatory Intelligence](https://stableradar.com/regulation/intelligence).

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### USDG in 🇩🇪 Germany
Issuer: [Paxos](https://stableradar.com/issuer/paxos) · records from StableRadar datasets as of 2026-10-26. This is a list of public records, not an assessment of whether USDG may be used in Germany.

[USDG · Stablecoin profile →](https://stableradar.com/coin/usdg)

#### 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: Authorized

FIN-FSA

Recorded 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 USDG in Germany in the dataset.

#### Applicable laws & status
Markets in Crypto-Assets Regulation (EU) 2023/1114 (MiCA)

Dataset status: In force

EBA, ESMA, national competent authorities

31 May 2023 · effective Titles III–IV (ART/EMT): 30 Jun 2024; full application 30 Dec 2024

European Union

eur-lex.europa.eu ↗

link checked 2026-10-26

MiCA full application (CASPs)

Dataset status: In Force

30 Dec 2024

European Union (implementation milestone)

esma.europa.eu ↗

link checked 2026-10-26

ESMA expectations — non-MiCA stablecoins

Dataset status: Published

8 Oct 2026 (per TZ)

European Union (implementation milestone)

Not verified

dataset link ↗

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

Not legal advice. StableRadar does not state whether any stablecoin is allowed or forbidden anywhere. Records are shown as published in the linked official sources; “Not verified” means the dataset has no official primary source for that item. Check the source and seek professional advice.

Last updated: 26 Oct 2026 · Sources: [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins), [XRPL](https://xrpl.org/)