Source: The Block Source familiar with the situation told The Block that Visa is set to be the first traditional financial institution to join the Paxos-led stablecoin association.

Blockbeats
04-14

BlockBeats News, April 14th, according to sources cited by Coindesk, Visa will join the stablecoin alliance Global Dollar Network (USDG) convened by the U.S.-regulated digital asset company Paxos, alongside other cryptocurrency and fintech giants such as Robinhood, Kraken, and Galaxy Digital.

Visa is the first traditional financial institution to join USDG, whose initial members also include Anchorage Digital, Bullish, and Nuvei. USDG aims to share revenue with participating companies that can create connectivity and liquidity.

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