MA

Mastercard Inc

research_scan theme='dollar-system'; value_chain_position='picks-and-shovels'; Companion to V at the cross-border-corridor layer; same C-03 mechanism (USD-denominated cross-border rails structurally-defended by the June 1 USTR Section 301 posture). Adds diversification within the payments picks-and-shovels layer; the two-name treatment reflects the layer's importance rather than a preference between the two operators.