Mastercard's $21.28 Billion Trading Day Secures 29th Spot as It Expands Stablecoin Partnerships

On June 24, 2025, Mastercard's trading volume reached $21.28 billion, ranking 29th in the day's stock market. Mastercard (MA) rose by 2.81%, marking two consecutive days of gains, with a total increase of 4.62% over the past two days.

Mastercard has expanded its partnership with Fiserv to promote the financial technology company's planned stablecoin, FIUSD. This move is part of Mastercard's broader strategy to integrate digital currencies into its payment network, ensuring that well-regulated and well-formed stablecoins meet its criteria for various use cases.

Mastercard is integrating PYUSD, USDG, and FIUSD into its network, expanding stablecoin payments and settlements for consumers and merchants. This integration allows for seamless transitions between fiat currency and stablecoins, enhancing the usability and accessibility of digital currencies.

Mastercard has joined the USDG stablecoin group, which was launched in November 2024 by the crypto company Paxos and six other partners. This consortium allows members to mint the network’s stablecoin USDG, which is pegged to the U.S. dollar. Members of the group share the interest earned from the reserves backing the stablecoin, typically U.S. Treasuries.

In addition to USDG, Mastercard has announced support for PYUSD, PayPal’s token, and FIUSD, a newly launched stablecoin from the banking technology provider Fiserv. This expansion comes as Mastercard already supports USDC, the stablecoin issued by Circle, which recently went public.

Mastercard’s entry into the stablecoin market is timely, as stablecoins have gained significant traction in Silicon Valley and beyond. Big Tech giants are exploring the technology, and Congress has shown support with the passage of the GENIUS Act, a bill that regulates stablecoins. This legislation is now under consideration in the House, highlighting the growing acceptance of digital assets as a modern alternative to traditional payment infrastructure.

Mastercard’s move is not just about embracing new technology; it is also about staying competitive in a rapidly evolving market. The company has been proactive in its crypto and blockchain efforts, acquiring the blockchain analytics company CipherTrace in 2021 and partnering with crypto companies to issue a range of crypto credit cards. Mastercard’s Multi-Token Network, described as an “app store” for regulated crypto products, is a testament to its commitment to innovation in the digital currency space.

As part of its latest announcement, Mastercard revealed that Fiserv, whose clients include banks, credit unions, and other financial companies, will connect to the Multi-Token Network. This integration will allow Fiserv’s customers to more easily transition between bank deposits and stablecoins, enhancing the usability and accessibility of digital currencies. Mastercard’s executive vice president, Raj Dhamodharan, emphasized that stablecoins themselves do not drive adoption; rather, the infrastructure and protections provided by networks like Mastercard’s are crucial for their success.

In summary, Mastercard’s decision to join the USDG stablecoin group and add support for PYUSD and FIUSD is a strategic move that underscores the growing acceptance and integration of stablecoins within the traditional financial ecosystem. This collaboration between Mastercard, PayPal, and Fiserv highlights the increasing interoperability between different financial platforms and services, paving the way for more seamless and efficient transactions. By embracing these tokens, Mastercard is positioning itself at the forefront of the digital currency revolution, fostering greater adoption and trust in digital currencies.