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.
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'
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
需要了解的:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
