Mastercard has announced a strategic partnership with Fiserv to integrate the FIUSD stablecoin into its global payments ecosystem. This initiative aims to promote the widespread adoption of stablecoins, making them as reliable and commonplace as fiat currencies. Chiro Aikat, Mastercard's co-president, emphasized the importance of bridging traditional financial services with digital assets. Meanwhile, the stock market reflects mixed reactions, with Mastercard and Fiserv stocks seeing gains, while market leader Circle struggles due to potential regulatory changes that could intensify competition among stablecoins. The Senate-passed GENIUS Act aims to set standards for stablecoins, indicating a push for consumer protection and increased competition in the market.
"This work with Fiserv is setting the stage for a new era, where stablecoins are as ubiquitous and trusted as fiat currencies, driving choice and innovation for all."
"Leveraging the power of the Mastercard network, as well as our deep capabilities across digital assets, we are creating a robust ecosystem that bridges traditional financial services with digital assets."
Collection
[
|
...
]