Visa has partnered with the Global Dollar Network (USDG), a stablecoin initiative led by Paxos, joining major crypto players like Robinhood, Kraken, and Galaxy Digital to enhance global crypto adoption through a regulated, US dollar-pegged stablecoin.
USDG, issued by Paxos in Singapore, aligns with the Monetary Authority of Singapore’s upcoming stablecoin framework, offering seamless, low-cost, 24/7 global transfers, with income from reserves shared among partners to incentivize adoption.
This move builds on Visa’s prior crypto efforts, like its 2021 partnership with Tala to issue USDC-linked cards for underbanked markets, signaling a growing trend of traditional finance integrating with blockchain for broader financial inclusion.
