Visa is joining the Global Dollar Network (USDG) stablecoin consortium led by Paxos, making it the first traditional finance company to do so. The consortium, which includes firms like Robinhood and Kraken, aims to share yield among its members, contrasting with existing stablecoin issuers that retain interest from reserves. Visa's entry highlights the growing intersection of traditional finance and the cryptocurrency sector.
visa ✓
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+ paxos
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cryptocurrency ✓