Four major companies from the Web3 ecosystem have come together to launch the Global Dollar Network. Their aim is to promote the dominance of the US dollar by finding and implementing new blockchain-based stablecoin use cases. The Global Dollar Network is an alliance of crypto firms who are working together to encourage the adoption of stablecoins.
The goal is to drive the real-world use of innovative payment solutions. This move comes as regulatory discussions on stablecoins continue to grow worldwide.