Mastercard Launches Partner Program to Integrate Stablecoins and Tokenized Money

Mastercard has initiated a partner program involving over 85 companies to integrate stablecoins and tokenized money into its payment infrastructure. According to NS3.AI, this initiative, launched on March 11, includes a diverse group of participants such as blockchains, custodians, exchanges, compliance vendors, banks, processors, and merchant-facing providers. This move is part of Mastercard's broader strategy to enhance its payment network capabilities. A notable example of this effort is Mastercard's collaboration with SoFi, announced on March 3, which focuses on SoFiUSD settlement as a practical application of network-based stablecoin settlement.