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TechFlow news, June 24 — According to Fortune, Mastercard announced it has joined the stablecoin alliance Global Dollar Network initiated by Paxos and other institutions, enabling joint issuance and sharing of interest income from USDG, a Treasury-backed stablecoin. Meanwhile, Mastercard will also support PayPal's PYUSD and Fiserv's FIUSD stablecoins, integrating them into the Mastercard Move cross-border payment network.
According to Fortune, Mastercard has announced its participation in the stablecoin alliance Global Dollar Network initiated by Paxos and other institutions, enabling it to jointly mint stablecoin USDG, which is pegged to U.S. Treasuries, and share in its interest earnings. At the same time, Mastercard will also support PayPal's PYUSD and Fiserv's FIUSD stablecoins, integrating them into the Mastercard Move cross-border payment network.
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