Mastercard has integrated the FIUSD stablecoin through a partnership with Fiserv, enabling consumers and merchants to use the U.S. dollar-pegged stablecoin for payments.
The collaboration aims to enhance interoperability between digital assets and traditional payment methods across Mastercard's global payments network.
FIUSD token was developed by Fiserv, a financial technology firm, in an effort to provide faster, lower-cost payment experiences.
Stablecoins like FIUSD have become popular for bridging blockchain innovation with traditional financial systems.
Legacy payment giants like Mastercard are increasingly embracing regulated digital assets such as stablecoins for everyday transactions.
This integration allows Mastercard users to conduct transactions seamlessly between fiat currency and FIUSD, advancing digital money movement.
The initiative signifies a step towards a more efficient and convenient payment experience for banks, merchants, and consumers.