According to a ChainCatcher report citing Fortune, Mastercard announced its joining of the Global Dollar Network stablecoin alliance initiated by institutions like Paxos, where they can jointly mint and share interest earnings from a US Treasury-backed stablecoin called USDG. At the same time, Mastercard will support PayPal's PYUSD and Fiserv's FIUSD stablecoins, and integrate them into the Mastercard Move cross-border payment network.
Mastercard joins stablecoin alliance Global Dollar Network, adds support for PayPal and Fiserv tokens
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