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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 Global Dollar (USDG) 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.The company also said it's also working with financial technology provider Fiserv (FI) to bring FIUSD support to its...

Jeremy Allaire, cofounder and CEO of Circle, at the Paris Blockchain Week summit in Paris, France, on April 9, 2024. Photographer: Nathan Laine/Bloomberg© 2023 Bloomberg Finance LP Intercontinental Exchange (ICE)—the parent company of the New York Stock Exchange, which reported revenues of $9.3 billion in 2024 and has a market capitalization of $101 billion—has signed a memorandum of understanding with Circle, issuer of the world’s second-largest stablecoin, to explore integrating Circle’s products into its trading and clearing empire. Stablecoins are digital tokens designed to maintain stable value, typically pegged to...