According to ChainCatcher, citing sources from Coindesk, Visa will join the Global USD Network (USDG) convened by the US-regulated digital asset company Paxos, along with cryptocurrency and fintech giants such as Robinhood, Kraken, and Galaxy Digital.

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