Global Dollar price

GM fam ☕️ BTC closed Q2 with a 31.41% gain, almost reaching its highest monthly close ever and now steady around 108K. ETH reclaimed 2.6K earlier this week and is holding 2.5K today. Momentum is strong and big wallets keep adding. Here’s your OG market recap 👇 💥 The proposal to make Trump-backed $WLFI tradable went live on Independence Day. Crypto’s coming home and there was no better day to let freedom ring. 📜 US Senator Cynthia Lummis introduced a draft amendment to exempt digital asset transactions under $300 (and up to $5,000/year) from tax, plus delayed tax on mining and staking rewards until sale. Big win for clarity in crypto law. 📊 @RobinhoodApp rolled out US stock and ETF tokens in the EU via Arbitrum, plus plans to launch its own Layer 2 blockchain. They’re also adding crypto perpetual futures and 3× staking perks in both EU and US to build an all-in-one investment platform. 🔗 @stable launched the first ever USDT-powered “Stablechain”, a Layer 1 chain for ultra fast, low fee payments with native USDT gas, full EVM compatibility, and a user first wallet interface. 💼 @coinbase has acquired @liquifi_finance, the leading token management platform for cap tables, vesting and compliance. This brings token launch and distribution tools in-house to support builders and issuers earlier. 🇪🇺 Europe is speeding up. @Bybit_Official officially launched a MiCA-approved exchange for 29 EEA countries. The new Global Dollar stablecoin $USDG went live with backing from Kraken, Robinhood and Mastercard. Next, Deutsche Bank’s DWS, Galaxy and Flow Traders are building a euro stablecoin. Regulated crypto rails are spreading fast across the continent. 🇦🇪 @ton_blockchain partnered with the UAE to offer a 10 year golden visa to $TON stakers: stake $100K for three years and pay a $35K fee while keeping full control of your crypto. That’s it from OG. What’s your play for next week? OG salutes you 🫡

Should Circle $CRCL attempt to acquire Paxos? This would greatly diversify its offering ($PYUSD, $USDG) and client base (Robinhood, PayPal)

AllUnity, a joint venture backed by Galaxy Digital, has received an E-Money Institution (EMI) license from BaFin. This license from the German Federal Financial Supervisory Authority (BaFin) offers AllUnity a path for stablecoin growth. Galaxy Digital-Backed AllUnity to Launch a Euro-Backed Stablecoin Galaxy Digital CEO Mike Novogratz gave the announcement in an X post. The BaFin license would allow AllUnity to issue a fully regulated Euro Stablecoin, EURAU. This will be the first BaFin-regulated stablecoin. It complies with the EU Markets in Crypto-Assets Regulation (MiCAR) framework. It is designed for 24/7 instant cross-border settlements. Upon release, EURAU will be 100% collateralized. Also, it is expected to deliver institutional-grade transparency through proof-of-reserves and regulatory reporting. EURAU is built for regulated financial institutions. Fintechs, Treasuries (ERP), and enterprise clients across Europe can use EURAU to perform seamless transactions following key integrations. Therefore, the stablecoin addresses the critical need for liquidity in the European digital economy. The EMI license allows the fintech startup to set a new standard for utility in regulated environments. This is in addition to accelerating the evolution of the cross-border payments ecosystem. AllUnity partnered with leading industry giants, including DWS, Flow Traders, and Galaxy, for the launch. The Mike Novogratz-backed firm bridges traditional finance and digital assets with its institutional-grade infrastructure and real-time settlement. Image Source: Mike Novogratz on X Alexander Höptner, CEO of AllUnity, wrote: “Securing the EMI license from BaFin is a monumental achievement for AllUnity and a testament to our dedication to regulatory excellence. We are immensely proud to be at the forefront of this innovation, meeting the highest standards of regulation and trust with the support of our esteemed partners.” EURAU Creates a Gateway to Europe The EMI license comes at a crucial time when stablecoins are being increasingly considered reliable to restore financial autonomy in the EU. Experts believe that regulated Euro-backed stablecoins represent a foundational block for the future of the European financial and real economy. They are increasingly gaining recognition in Europe for several reasons. Notably, Euro stablecoins offer a stable alternative for transactions and investments, protecting against fluctuations in the US dollar. Additionally, the MiCA regulation provides a robust framework. This regulation requires 1:1 reserve backing in EU-regulated banks, ensuring transparency and accountability. It, therefore, encourages the adoption of euro-backed stablecoins. Financial players, including Paxos and Deutsche Bank, are entering the European market. Their entry signaled an increasing level of trust from institutional players. Paxos recently introduced the Global-Dollar (USDG) in the EU, compliant with the MiCA regulations. In May, Ripple’s XRP Ledger (XRPL) added EURØP as its first euro-backed stablecoin. Issued by Schuman Financial, EURØP is fully backed 1:1 by euro held in European banks. Stablecoin Regulation in the EU Vs the U.S. The regulation of stablecoins has a different approach in Europe and the United States. It is shaped by differing legal frameworks, priorities, and market dynamics. MiCA has influenced growth in euro-backed stablecoins like EURC, EURS, and EURØP. In contrast, the US lacks a comprehensive federal regulation. However, US senators recently voted in favor of a stablecoin bill, known as the GENIUS Act. This bipartisan bill was co-sponsored by Senators Kirsten Gillibrand and Bill Hagerty. It aims to establish the first federal regulatory framework for stablecoins in the US. On June 17, the U.S. Senate passed the GENIUS Act with a 68–30 vote. The legislation has now moved to the House for approval. If successfully approved, it will move to the desk of President Donald Trump. Considering the President’s disposition towards the industry, this Bill may gain expedited consent should it reach the executive branch. The post Galaxy Digital-Backed AllUnity Secures MiCA License To Drive Stablecoin Growth appeared first on The Coin Republic.

USDG: the world’s most regulated stablecoin. 🌍

🚨 Big stablecoin news: Paxos just launched $USDG in Europe under MiCA—the first fully compliant global dollar token 🇪🇺💸 Further confirmation Congress needs to pass the GENIUS Act 🇺🇸💸