Mastercard said it was expanding its relationship with Fiserv to promote the financial tech company's planned stablecoin, FIUSD.

Mastercard is bringing Fiserv’s brand-new stablecoin to its global payments network, as cryptocurrency adoption picks up steam across traditional finance. The companies said Tuesday they would issue stablecoin-linked cards for shared customers and enable merchants to settle with Mastercard using Fiserv’s new stablecoin FIUSD,

Fiserv, a provider of payments and financial services technology, has announced plans to launch a new digital asset platform. The platform will include a stablecoin, FIUSD, set to be integrated into Fiserv’s banking and payments infrastructure by the end of 2025.