Sources: Visa will be the first traditional financial institution to join the stablecoin alliance initiated by Paxos

ChainCatcher news, 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, along with 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 profits with participating companies that can create connectivity and liquidity.