Mastercard is expanding stablecoin partnerships with Paxos, Fiserv, and PayPal integrations

From Yahoo Finance: 2025-06-24 10:24:00

Mastercard is expanding its stablecoin partnerships, integrating PYUSD, USDG, and FIUSD into its network alongside USDC. It will also introduce stablecoin transactions for cross-border payments through Mastercard Move.

The company is collaborating with Fiserv to support FIUSD in card products, on/offramps, and merchant settlements. Consumers can spend fiat and stablecoin balances under a single interface with Mastercard One Credential.

Global banks and payment firms are embracing stablecoins due to their programmable transactions and faster, cheaper payments. The $260 billion asset class is growing rapidly after the U.S. Senate passed the GENIUS Act to regulate stablecoins.

Mastercard’s Chief Product Officer, Jorn Lambert, believes regulated stablecoins are part of the digital payments evolution. Financial institutions, businesses, and consumers may soon use select stablecoins for transactions, including at the firm’s 150 million merchant locations.

Stablecoin integrations join existing digital asset offerings, including card programs with crypto firms for merchant settlements and tokenized bank deposits. Future plans involve enabling programmable payments via Mastercard’s Multi-Token Network.

Read more: Mastercard Expands Stablecoin Push With Paxos, Fiserv and PayPal Integrations