Global Dollar

EEA-resident holders can redeem with Paxos EU at any time at par value.

“The holders of USDG residents of the EEA have a right of redemption with Paxos EU at any time and at par value.”

If the issuer becomes insolvent, holders are entitled to a proportionate share of the segregated reserves, ahead of unsecured creditors.

“in case of insolvency or bankruptcy, in terms of priority of claims, holders of USDG are entitled to a proportionate share of the segregated reserve assets, with their claims taking precedence over unsecured creditors”

Paxos EU is established in Finland and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).

“USDG is issued by Paxos EU, which is a legal entity established in Finland and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).”

The competent court for the EU offer is the District Court of Helsinki, Finland.

“District Court of Helsinki, Porkkalankatu 13, 00180 Helsinki, Finland, jurisdiction of Finland.”

USDG is redeemable with Paxos one-for-one for US dollars.

“USDG is fully redeemable from Paxos on a one-to-one basis for US dollars (1 USDG = 1 USD).”

Holders outside the EEA redeem with Paxos Digital Singapore under Paxos' US dollar stablecoin terms.

“USDG holders not residing in the EEA can redeem their USDG with Paxos Digital Singapore Pte. Ltd. (“PDS”), as described in the Paxos US Dollar-Backed Stablecoin Terms and Conditions”

Holders can redeem USDG for dollars 1:1 at any time without fees.

“holders of USDG tokens can redeem their USDG for USD at a 1:1 ratio at any time without incurring fees”

If compliance issues are detected, redemption requests may be temporarily denied or altered until they are resolved.

“In cases where compliance issues are detected, redemption requests may be temporarily denied or altered until the issues are resolved”

For every USDG in circulation in the EEA, Paxos EU keeps equivalent reserve assets in segregated, bankruptcy-remote accounts.

“For every USDG in circulation in the European Economic Area (“EEA”), Paxos EU will keep equivalent reserve assets in segregated, bankruptcy-remote accounts on behalf of token holders.”

Reserves are held with qualified custodians and structured to be bankruptcy-remote.

“Ensure these assets are held with qualified custodians and structured for bankruptcy remoteness, protecting holder funds if Paxos EU were to become insolvent.”

Contract upgrades are under Paxos' internal controls and security protocols.

“Any upgrade mechanism would be governed by strict internal controls and security protocols at Paxos.”

Only onboarded institutions in supported jurisdictions can mint USDG, on the Paxos platform.

“The minting of USDG is available exclusively on the Paxos Platform for institutions that have successfully completed the requisite onboarding procedures within supported jurisdictions.”

Paxos EU may update the terms governing the redemption and use of USDG.

“Paxos EU, the issuer of USDG, reserves the right to update the terms and conditions governing the redemption and use of USDG.”