Mastercard announced a new phase in its Stablecoins integration strategy, incorporating those issued by PayPal, Paxos, FISVer and Circle companies to its global payment network.
With this initiative, the company seeks to promote the use of these cryptoactives as means of payment safe, reliable and aligned with the standards of the traditional financial system.
In a releaseMastercard confirmed that the Global Dollar Network will be joined as a key partner, a network led by Paxos, with the aim of facilitating the emission, distribution and conversion of USDG, a stablecoin backed by dollars.
Before this movement, Any institution affiliated with Mastercard may offer operations with USDG, Paxos Stablecoin, its customers.
In addition, the company said that it is working on the integration of Fiusd, the stable FISVer currency, in several of its services, such as the settlement of payments for shops and the issuance of cards backed in Stablecoins.
For its part, Pyusd, the stablecoin developed by PayPal, will also be incorporated into this new scheme. Both companies work together to enable direct settlement capabilities in the MasterCard network using this cryptoactive.
The announcement also emphasizes that Mastercard will continue to support USDCthe stablcoin issued by Circle, with the aim of expanding its integrations as the ecosystem evolves.
“This multi -currency approach guarantees flexibility, scope and preparation for the next wave of innovation of digital currencies,” said Mastercard, recognizing the potential of the stablecoins to expand financial access and improve the efficiency of payments.
He affirms that, currently, thanks to alliances with the Wallet Metamask and Exchange Comocrypto.com, OKX and Kraken, millions of people can already spend their balances in Stablecoins in more than 150 million businesses.
In this way, Mastercard considers that, although the Stablcoins alone do not yet offer the level of safety, scale and consumer protection that characterizes card payments, their integration to the traditional system can contribute to close that gap.
«We hope that consumers and companies continue to use FÍAT currency with their MasterCard cards for most use cases: it simply works. But regulated stablcoins are, without a doubt, part of the evolution of digital payments, ”said the company.
Therefore, In Mastercard they don’t want to be left behind in this industry. “We are not waiting for the future, but we are building it,” he said. “From tokenized deposits to programmable money, we are investing in the infrastructure, the interfaces, the associations and the protections that will define the next generation of payments,” he added.
As Cryptonotics reported, in mid -May it came to light that Mastercard announced an alliance with Moonpay to launch cards linked to Stablecoins. These cards, based on the infrastructure developed by Iron – a company acquired by Moonpay – allow digital wallet users to access faster and more efficient payment solutions, even in cross -border contexts.
The company’s initiatives aim to offer practical tools, especially in regions where traditional financial services have greater limitations.
