Mastercard Taps Fiserv Stablecoin for ‘New Era’ of Payments
Mastercard will utilize Fiserv’s FIUSD stablecoin, enabling over 150 million merchants to accept the dollar-pegged token. This partnership aims to create a seamless transition between fiat currency and FIUSD, enhancing operational efficiencies and payment experiences globally. FIUSD will be integrated into Mastercard’s Multi-Token Network, which supports programmable on-chain commerce for banks. Mastercard plans to issue stablecoin-powered cards using FIUSD, following previous collaborations with MoonPay, OKX, and Circle. Circle's IPO has generated significant interest in stablecoins, with its stock rising 700% since its debut. Fiserv is developing FIUSD as a “bank-friendly stablecoin” for various financial institutions. This announcement coincides with the U.S. Senate's passage of the GENIUS Act, which aims to establish federal regulations for stablecoin issuers.
