Mastercard Joins Stablecoin Consortium Global Dollar Network

On June 24th, Fortune reported that Mastercard has announced its entry into the Global Dollar Network, a stablecoin alliance initiated by institutions such as Paxos. This allows them to jointly mint and share interest income from $USDG, a stablecoin pegged to U.S. Treasury bonds. Additionally, Mastercard will support PayPal's $PYUSD and Fiserv's FIUSD stablecoins and integrate them into the Mastercard Move cross-border payment network. [深潮 TechFlow]