Mastercard Joins Global Dollar Network, Expands Support for USDG and Other Stablecoins

In Brief:

Mastercard joins Paxos-led stablecoin alliance alongside Robinhood and Kraken.

Will support USDG, PYUSD, and FIUSD in cross-border payments via Mastercard Move.

Mastercard has officially joined the Global Dollar Network, a stablecoin alliance launched in November 2024 by Paxos and several partners including Robinhood and Kraken. The network allows members to mint USDG, a U.S. dollar-pegged stablecoin backed by reserves like U.S. Treasuries, with interest shared among participants. Mastercard announced that it will support not only USDG but also other leading stablecoins such as PayPal’s PYUSD and Fiserv’s FIUSD. These tokens will be integrated into Mastercard Move, the company’s cross-border remittance platform, expanding its role in stablecoin-based transfers. Mastercard already supports Circle’s USDC and continues to push forward in digital asset infrastructure alongside key fintech and crypto players.

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