Catenaa, Wednesday, June 25, 2025-Mastercard has announced a landmark partnership with Chainlink to dramatically expand access to cryptocurrencies for more than 3 billion cardholders worldwide, marking one of the most significant institutional endorsements of blockchain infrastructure to date.
The collaboration comes amid accelerating momentum for stablecoins and digital asset regulation in the United States. Mastercard is set to join the Paxos Global Dollar Network and integrate support for major stablecoins including PayPal’s PYUSD, Circle’s USDC, and Fiserv’s upcoming FIUSD.
Through Mastercard’s upgraded Move transfer system, financial institutions and digital wallets can now send and receive stablecoins.
The firm’s One Credential program will also be enabled for the digital asset market, with Fiserv leading initial adoption.
Additionally, Mastercard plans to link Fiserv’s Digital Asset Platform to its Multi-Token Network, facilitating broader development and validation of digital financial tools.
The move coincides with the progress of the GENIUS Act, a US Senate-backed bill to regulate payment stablecoins, which passed last week and is awaiting a House vote.
This legislative momentum is pushing major payment networks and banks to accelerate digital asset strategies.
Meanwhile, the Senate Banking Committee is holding hearings on a broader crypto market framework, with figures like former CFTC chair Rostin Behnam warning of regulatory gaps threatening financial stability.
Mastercard emphasized that while stablecoins offer utility, global trust in payments still relies on traditional rails. The firm said its role is to provide security, scalability, and interoperability for stablecoin adoption.
