Visa ❤️ Crypto?!

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So, Visa, bless their cotton socks, is thinking about joining this… thing. The Global Dollar Network (USDG). Apparently, Paxos, some regulated digital asset place, started it. Right. 🤔

Turns out, Robinhood, Kraken (sounds like a dodgy law firm), Galaxy Digital (space themed!), and a bunch of others are already in. Visa’s trying to be cool and hang with the crypto kids, I guess. 🙄 First “TradFi” firm, they say. Oh, the pressure!

Apparently, this Global Dollar Network wants to, like, make stablecoins useful. You know, for everyday life. Because swiping your card for a latte is just so last year. ☕

They’ve got this new stablecoin, USDG (catchy!). Paxos issues it, and the Monetary Authority of Singapore is watching. DBS, the big bank in Southeast Asia, has the reserves. They promise it’s all backed. Redeemable on demand, they say. We’ll see about that. 💸

USDG’s trying to be all virtuous. Sharing the interest, or yield, or whatever they’re calling it these days, with companies that help the network grow. Unlike some other stablecoins *cough* Tether *cough* who hoard it all for themselves. Greedy gits. 😈

Started on Ethereum, naturally. Now expanding to Solana. Because why not? Let’s spread the joy. Or the chaos. Whatever. 🎉

Visa wants in because… crypto. Shocking, I know. They’re also playing footsie with Sam Altman’s World Network. Payment functionalities, crypto wallets, the whole shebang. Sounds complicated, doesn’t it? 😵‍💫

Users can spend stablecoins on Visa’s network and switch between crypto and “fiat” (real money, apparently). Seamlessly, they promise. I’ll believe it when I see it. 😒

Visa hasn’t confirmed anything officially. But if it happens, apparently, it could make stablecoins, and this USDG thing, more credible. Mainstream, even. Imagine. 🤯

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2025-04-14 18:13