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Mastercard announces its membership in the stablecoin alliance Global Dollar Network, increasing support for PayPal and Fiserv Tokens.
According to ChainCatcher news and a report by Fortune, Mastercard has announced its participation in the Global Dollar Network, a stablecoin alliance initiated by institutions such as Paxos, to jointly mint and share the interest earnings of the stablecoin USDG, which is pegged to U.S. Treasury bonds. At the same time, Mastercard will also support PayPal's PYUSD and Fiserv's FIUSD stablecoins and integrate them into the Mastercard Move Payment Network.