Visa Joins Paxos-Led Stablecoin Consortium for USDG Network Expansion

Financial giant Visa is set to join Paxos’ Global Dollar Network (USDG), a new stablecoin platform aiming to integrate cryptocurrency into everyday life. This marks Visa as the first traditional finance company to participate in this venture, joining heavyweights like Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, and payments firm Nuvei. The network, launched in November 2023, seeks to promote stablecoin adoption and make them more readily applicable for everyday transactions.