💳 Mastercard takes a step towards stablecoins!



The company has officially become part of the Global Dollar Network consortium, which already includes Robinhood and Kraken.

Now participants will be able to issue the dollar stablecoin USDG, backed by U.S. Treasury bonds.

In addition, the Mastercard Move system will add support for other popular stablecoins: USDC (Circle), PYUSD (PayPal), and FIUSD (Fiserv).

Meanwhile, against the backdrop of the recent passage in the U.S. Senate of the first comprehensive stablecoin law, shares of Mastercard and Visa fell by 5%.
MOVE-11.8%
PYUSD-0.01%
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