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Visa is joining the Global Dollar Network (USDG), a stablecoin consortium led by Paxos, which includes crypto firms like Robinhood, Kraken, Galaxy Digital, and Nuvei.
DBS Bank acts as the custodian for USDG, managing reserves in liquid assets to maintain a 1:1 dollar peg and ensure on-demand redemption.
The Global Dollar Network (USDG) distributes yield to participating firms that contribute to liquidity and infrastructure, differentiating it from incumbents like Tether and USDC.
Visa is a global payments technology company and one of the largest traditional financial institutions, known for facilitating electronic fund transfers through its card network.Visa is a global payments technology company and one of the largest traditional financial institutions, known for facilitating electronic fund transfers through its card network.
The Global Dollar Network (USDG) is designed to promote regulated, yield-sharing stablecoin adoption and operates under the Monetary Authority of Singapore’s framework.

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