Mastercard integrates stablecoin #FIUSD into the global payment network
Mastercard, together with fintech giant Fiserv, announced the launch of the new stablecoin FIUSD, which will be integrated into the company's global payment network. This digital asset, created on the blockchain, will enable payments at over 150 million points worldwide.
The partnership aims to facilitate easy exchange between fiat currencies and FIUSD, implement cards linked to a balance in the stablecoin, and allow businesses to accept payments directly in FIUSD.
Stablecoins, such as FIUSD, combine the stability of traditional currencies with the advantages of blockchain technology — speed, programmability, and low costs. Mastercard sees them as the key to the future of digital payments.