- Mastercard expands stablecoin services, allowing global merchants to process transactions using regulated digital dollar-backed assets efficiently.
- Partnerships with PayPal, Paxos, Fiserv, and Circle strengthen Mastercard’s position in the growing digital currency payment sector.
Mastercard announced the next stage in its stablecoin integration plan. The company will include stablecoins issued by PayPal, Paxos, Fiserv, and Circle in its worldwide payment network. The plan seeks to support the use of these digital assets as secure and reliable payment methods aligned with financial system rules.
Mastercard stated that it has joined the Global Dollar Network as a key partner. This network, led by Paxos, aims to enable the issuance, distribution, and conversion of USDG, a dollar-backed stablecoin. As part of this move, Mastercard’s partners will be able to offer USDG transactions to their clients.
The company is also preparing to integrate FIUSD, the stablecoin created by Fiserv, into its services. These services include payment settlement for businesses and the launch of stablecoin-backed cards. In parallel, Mastercard is working with PayPal to add PYUSD to its system. This partnership will make direct settlement using PYUSD possible on the Mastercard network.
Mastercard will maintain support for USDC, the stablecoin from Circle. The firm plans to extend these integrations as digital currencies continue to develop. The company explained that using different stablecoins ensures flexibility and readiness for future changes in digital payments.
Today, Mastercard’s links with exchanges such as MetaMask, Crypto.com, OKX, and Kraken allow millions of people to spend stablecoins at over 150 million merchants. The company recognizes that stablecoins do not yet provide the level of security or consumer protection of card payments.
Mastercard expects fiat currency to remain the main option for most transactions. At the same time, the company acknowledges that regulated stablecoins are becoming part of the digital payment space. Mastercard says it is investing in the technology, partnerships, and protections that will define the next phase of payment solutions.
In May, Mastercard revealed a partnership with MoonPay. This project includes stablecoin-linked cards powered by Iron’s technology. The cards give digital wallet users faster and more efficient payment choices, including for cross-border activity.
