MasterCard plans to hire two executives to advance its Blockchain and digital asset business.

According to Gate News bot and a report by CoinDesk, payment service provider Mastercard is hiring two vice president-level executives to strengthen its development in the encryption business sector.

The first executive position is Head of Digital Asset Ecosystem Growth, responsible for collaborating with stablecoin issuers and infrastructure providers, and advancing multi-token networks such as (MTN). The second position is Head of Financial Institution Growth, focusing on driving banks to adopt blockchain technology and developing applications such as cross-border payments and asset tokenization.

Raj Dhamodharan, the encryption business leader at Mastercard, stated that the company is working to connect traditional finance with blockchain networks. Recently, Mastercard has integrated multiple stablecoins into its global payment system and launched the cross-border settlement service Mastercard Move based on USDC. In addition, the company is also involved in the construction of the Paxos stablecoin network.