PANews reported on March 12 that, according to Bloomberg, Mastercard announced the launch of a new global partner program, recruiting more than 85 digital asset companies, payment service providers, and financial institutions, including Circle, Binance, and Gemini, to join. The program aims to keep crypto payments connected to its network, while stablecoins are being promoted as an alternative to traditional payment tracks.

Both Mastercard and Visa have had stablecoin plans since 2021, betting that they can become an integral part of the companies driving the adoption of stablecoins in everyday payments.