Illustration of Mastercard's 104 Web3 business partners: Building the center of the next-generation payment system

The Web3 asset data platform RootData has outlined Mastercard's cryptocurrency business partners, which now exceed 100, covering multiple key areas such as public chains, stablecoins, trading platforms, risk control services, and payment infrastructure. Unlike Visa and PayPal's more "selective partnership" strategy, Mastercard aims to become the connective layer for all payment links.

Structurally, this network can be understood as a "multi-node collaborative system":

• Assets and Settlement: Through stablecoin issuers like Circle and Paxos, as well as multiple public chains, it undertakes on-chain assets and settlement capabilities.
• Connection and Circulation: Integrating cross-chain protocols, custody services, and payment channels to allow different chains and assets to flow within its system.
• Compliance and Security: Introducing risk control service providers like TRM Labs and Elliptic to build compliance capabilities aimed at the global regulatory environment.
• Applications and Reach: Collaborating with exchanges, wallets, and financial institutions to transform on-chain capabilities into user-perceived payment and consumption scenarios.

Therefore, Mastercard's strategy is essentially not about selecting suppliers but about lowering access thresholds and expanding network externalities. It connects more upstream chains and asset issuers while attracting payment institutions and financial terminals downstream, making its strategy more aligned with the center of the next-generation payment system. Related compilation: 【Mastercard Crypto Partner Network Compilation (Continuously Updated)】

Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.

If you wish to nominate your project in future ecosystem maps, please fill out the 【RootData 2026 Industry Ecosystem Mapping】 form to supplement your important clients and partners.