Share this article
Mastercard Expands Stablecoin Push With Paxos, Fiserv and PayPal Integrations
The payments giant is integrating PYUSD, USDG and FIUSD into its network, expanding stablecoin payments and settlements for consumers and merchants.
Jun 24, 2025, 2:24 p.m.
Make us preferred on Google
What to know:
- Mastercard is expanding its network to include a range of stablecoins for everyday payments and cross-border settlements.
- The firm is working with Fiserv to support FIUSD in card products and merchant settlements, and is joining the Global Dollar network, the consortium behind the USDG stablecoin.
- The moves highlight the soaring institutional adoption of stablecoins, a trend that's accelerating as U.S. lawmakers move closer to regulating the sector.
Mastercard (MA) is doubling down on stablecoins with a series of partnerships and product expansions aimed at embedding regulated digital dollars into the everyday payments network.
The payments giant said on Tuesday it will integrate several stablecoins including PayPal’s PYUSD, the Paxos-led and Fiserv’s recently unveiled FIUSD into its global network, which already includes support for Circle’s USDC. It is also introducing stablecoin transactions for cross-border payments through Mastercard Move.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company also said it's also working with financial technology provider Fiserv (FI) to bring FIUSD support to its card products, on- and offramps and merchant settlements, and will let consumers spend both fiat and stablecoin balances under a single interface with Mastercard One Credential.
The initiatives are the latest examples of global banks and payment firms racing to embrace stablecoins, a type of digital currency with prices anchored to an external asset such as fiat currencies, into their offerings. It's a $260 billion, and rapidly growing, asset class and promises programmable transactions and faster, cheaper payments than through traditional banking channels. Institutional adoption is accelerating after the U.S. Senate passed the GENIUS Act to regulate the stablecoin sector.
"We expect that consumers and businesses will continue to use fiat currency with their Mastercard cards for most use cases," Jorn Lambert, chief product officer at Mastercard, said in a blog post. "But regulated stablecoins are undoubtedly part of the evolution of digital payments."
These moves mean financial institutions and businesses could soon mint, redeem and settle transactions using select stablecoins, while consumers may use them in the same way they would use traditional currencies for transfers and payments, including at the firm’s 150 million merchant locations.
The stablecoin integrations join existing digital asset offerings, which span card programs with crypto firms that allow users to spend their crypto holdings to merchant settlements and tokenized bank deposits.
Future plans include enabling programmable payments via Mastercard's Multi-Token Network.
Read more: Mastercard Says It Has Moved Beyond Experimentation in Crypto, Focused on 'Real Solutions'
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
What to know:
- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
Top Stories
