Visa (V) Is Joining the Paxos, Robinhood Stablecoin Consortium: Sources
Powered by @unfolded- Visa is joining the Global Dollar Network (USDG), a stablecoin consortium led by Paxos, alongside major players like Robinhood and Kraken.
- This marks Visa as the first traditional financial institution to join USDG, which also includes members like Anchorage Digital and Nuvei.
- The consortium aims to share yield among its participants, contrasting with Tether's model, which retains interest from its stablecoin reserves.
- Visa and other major card networks are actively engaging in partnerships within the crypto space, with Visa also reported to be working with Sam Altman's World Network.