Mastercard Expands Stablecoin Integrations with PayPal, Paxos, and Fiserv
Mastercard is enhancing its stablecoin integration through partnerships and product expansions aimed at incorporating regulated digital dollars into daily payments.
- Mastercard will integrate stablecoins such as PayPal’s PYUSD, Paxos-led USDG, and Fiserv’s FIUSD, alongside existing support for Circle’s USDC.
- The company plans to enable stablecoin transactions for cross-border payments via Mastercard Move.
- Collaboration with Fiserv will allow FIUSD support in card products and let consumers spend both fiat and stablecoin under one interface using Mastercard One Credential.
- The U.S. Senate's passage of the GENIUS Act is expected to accelerate institutional adoption of stablecoins, which represent a growing $260 billion asset class.
- Mastercard anticipates consumers will primarily use fiat with their cards, but recognizes the role of regulated stablecoins in digital payment evolution.
- Future initiatives include enabling programmable payments through Mastercard’s Multi-Token Network.