Visa Joins Paxos’ Global Dollar Network Stablecoin Alliance

2 mins mins

Key Points:

Visa, a major financial player, joins the USDG stablecoin alliance.
Integration merges traditional finance with blockchain tech.
Helps drive stablecoin adoption and innovation in finance.

Visa, a leading global payment processor, announced its entry into Paxos’ Global Dollar Network (USDG) alliance today, marking a significant step towards integrating traditional finance with blockchain platforms.

Visa’s involvement is pivotal, enabling enhanced cross-border payment options and spurring the adoption of blockchain technologies in mainstream finance.

Visa Partners with Paxos for Stablecoin Integration

By joining the alliance, Visa aims to enhance its cross-border payment system by leveraging USDG. This approach incentivizes liquidity and cooperation among members, diverting from Tether’s traditional revenue retention model.

Reactions within the crypto community highlight the strategic partnership between legacy finance and digital assets. Cuy Sheffield from Visa stressed the benefits of stablecoins in accelerating cross-border commerce, while Paxos CEO Charles Cascarilla emphasized USDG’s community focus.

“Leveraging stablecoins like USDC and blockchains improves the speed of cross-border settlements and fosters innovation in payment systems.” — Cuy Sheffield, Head of Crypto, Visa

Visa’s Entry Highlights Potential for Market Shift

Did you know? Visa’s integration with stablecoins like USDG could follow its earlier success with USDC, streamlining cross-border settlements and accelerating crypto adoption in traditional payments networks.

CoinMarketCap data reveals Global Dollar (USDG) at $1.00 with a market cap of formatNumber(245681734, 2) USDG’s trading volume saw a decline of 22.46%, and the token dropped 23.69% over 90 days, reflecting its recent market volatility.

global-dollar-daily-chart — Global Dollar(USDG), daily chart, screenshot on CoinMarketCap at 13:08 UTC on April 14, 2025. *Source: CoinMarketCap*

Insights from the Coincu research team suggest Visa’s entry could redefine stablecoin adoption, reinforcing regulatory frameworks, driving competitive shifts against USDT and USDC, and fueling technological innovations in payment processing.