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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...

Indian startup Mintoak, which provides merchant payment services to lenders, said it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million.The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022, and last April, it expanded the scope of transactions to payment firms from having limited it to just banks initially. PayPal and HDFC Bank backed Mintoak has completed the acquisition of...