Wells Fargo has quietly moved to stake its claim in the digital dollar race. On March 9, the bank submitted a trademark application to the U.S. Patent and Trademark Office for "WFUSD" - a name that, by most analyst readings, telegraphs the development of a proprietary stablecoin or deposit token backed by the U.S. dollar.

Mastercard has formally expanded its Crypto Partner Program to more than 85 companies, pulling together some of the biggest names in both traditional finance and the blockchain industry - Binance, PayPal, Ripple, JPMorgan Chase, Coinbase, Stripe, and others - in what amounts to one of the most coordinated efforts yet to wire crypto into the everyday payment infrastructure consumers already use.

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