Visa Joins Global Dollar Network Leaders

Visa Joins Global Dollar Network as First Traditional Finance Member

• Visa is set to join the USDG stablecoin consortium, becoming the first traditional finance company involved.
• The Global Dollar Network (USDG) was established by Paxos and includes members like Robinhood, Kraken, and Galaxy Digital.
• The stablecoin, USDG, operates under the Monetary Authority of Singapore’s regulatory framework.
• DBS Bank serves as custodian and banking partner for USDG, ensuring full backing with high-quality liquid assets.
• USDG aims to differentiate from USDT and USDC by offering shared yield with participant firms.

Visa’s involvement in the USDG consortium marks its entry into stablecoins alongside major crypto and fintech players. The initiative promotes stablecoin adoption using Paxos’s USDG backed by high-quality assets.