Fiserv Stablecoin Integrated into Mastercard Products and Services

Strengthening Partnership to Promote Stablecoin Utilization

Mastercard announced on July 14 that it plans to integrate FIUSD, the new stablecoin from global financial payment technology company Fiserv, into its products and services.

Customers of both companies will be able to use FIUSD through Mastercard's payment network.

Stablecoins are blockchain-based digital assets issued by private companies. They are primarily pegged to the US dollar.

Through this partnership, consumers and businesses will be able to use FIUSD in a programmable manner at more than 150 million Mastercard merchants worldwide. Programmable transactions are executed automatically when pre-set conditions are met.

The two companies plan to collaborate in various ways to expand the adoption of stablecoins.

First, they will support efficient and seamless conversion between fiat currency and FIUSD (on- and off-ramps) to enhance user convenience.

Mastercard will work with acquirers around the world to ensure that merchants can receive payments in FIUSD, regardless of the payment method chosen by their customers.

Banks will be able to easily adopt programmable on-chain commerce through Fiserv's digital asset platform, which utilizes the Mastercard Multi-Token Network.

The two companies will also enable the issuance of cards linked to stablecoins for Mastercard and FIUSD customers. Consumers will be able to flexibly choose their preferred payment method?credit card, debit card, or stablecoin?through Mastercard One Credential.

Chiro Aikat, Co-President of Mastercard Americas, said, "This partnership will help stablecoins achieve the universality and reliability of fiat currency," adding, "Mastercard is working to enable safe and seamless programmable transactions."