Visa Joins Paxos-Led Stablecoin Alliance, Signaling Major Shift in Finance

In Brief:

Visa becomes the first traditional finance giant to join the Global Dollar Network (USDG).

The Paxos-led alliance aims to expand stablecoin liquidity and connectivity.

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Visa is officially joining the Global Dollar Network (USDG), a stablecoin alliance formed by regulated digital asset firm Paxos. The move marks a significant milestone, making Visa the first traditional financial institution to participate in the initiative.

USDG brings together major players from crypto and fintech—such as Robinhood, Kraken, Galaxy Digital, Bullish, Nuvei, and Anchorage Digital—with the goal of improving stablecoin liquidity and infrastructure. The alliance aims to support cross-platform connectivity while allowing participants to share in network revenue.

Visa’s entry into this space highlights the growing overlap between traditional finance and digital assets. By joining USDG, the payments giant signals stronger commitment to on-chain settlement and the broader stablecoin economy.

As more institutions follow suit, USDG could play a key role in setting new standards for global stablecoin use and utility.

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