The partnership aims to address the practical use cases and challenges associated with the adoption of stablecoins.

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

Mastercard Inc. said it’s working to weave Fiserv Inc.’s FIUSD stablecoin into a range of its payment products. It’s another traditional financial firm jockeying for a seat at the table as cryptocurrencies become more mainstream.