PANews reported on April 14 that according to CoinDesk, Visa will join the Global Dollar Network (USDG) stablecoin alliance initiated by Paxos, becoming the first traditional financial institution to join. Alliance members also include Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei. USDG aims to share stablecoin revenue with members to incentivize the construction of liquidity and interconnection, which is different from the model of retaining revenue such as Tether.
Visa joins USDG stablecoin alliance launched by Paxos and Robinhood
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