Visa just made a bold crypto move — and it didn’t launch its own coin. Instead, it joined the Global Dollar Network to support USDG, a next-gen, regulated stablecoin that might quietly reshape how the world moves money.
USDG is a dollar-pegged stablecoin issued by Paxos Digital Singapore and regulated by the Monetary Authority of Singapore (MAS) under a new stablecoin framework.
Its standout features:
Unlike USDC or USDT, where only the issuer profits, USDG flips the model — giving partners up to 100% of reserve returns.
Launched in November 2024, the Global Dollar Network brings together key TradFi and crypto players to govern and grow USDG:
Each partner contributes infrastructure, liquidity, or distribution — and earns yield based on impact. It’s shared governance + shared rewards.
This is more than an experiment. It’s Visa aligning with the next-generation global payment layer.
USDC
🗓️ Launch: 2018
💰 Market Cap: $32B+
📌 Strategy: Centralized, issuer-led model
🚀 Use Case: DeFi, trading, broad adoption
PYUSD (PayPal USD)
🗓️ Launch: August 2023
💰 Market Cap: $890M
📌 Strategy: Integrated with PayPal ecosystem
🚀 Use Case: Consumer payments and retail access
RLUSD (Ripple USD)
🗓️ Launch: December 2024
💰 Market Cap: $294M
📌 Strategy: B2B and cross-border payments (Ripple-driven)
🚀 Use Case: Institutional remittances
USDG (Global Dollar Network)
🗓️ Launch: November 2024
💰 Market Cap: $245.7M
📌 Strategy: Consortium-governed, enterprise-focused, shared yield model
🚀 Use Case: Programmable payments, global merchant rails, DeFi
🧩 Key takeaway: USDG is the first stablecoin with built-in economic incentives for adoption — and Visa backing gives it real-world firepower.
USDG is quietly rewriting the rules of stablecoin economics — and Visa’s on board.
Have questions or want to collaborate? Reach us at: info@ath.live