💳 Mastercard supports stablecoin settlement, taking Web3 payments a step further!
Payment giant Mastercard has officially announced support for merchants to accept stablecoins (such as USDC) for payments, with real-time conversion to fiat currency settlement. This initiative relies on Circle's blockchain network, aiming to enhance payment speed, reduce costs, and accelerate the integration of digital assets with traditional finance.
📌 Highlights of this collaboration include:
- Merchants can receive payments in USDC and settle in real-time
- Consumers experience a more efficient payment method with lower fees
- Fully compliant, compatible with mainstream payment channels
- Commercial testing has been launched in certain markets
Mastercard's Chief Product Officer stated that stablecoins will play a core role in global payments, reshaping the infrastructure for digital commerce. Previously, the company has collaborated with Web3 projects and exchanges, continuously enhancing the on-chain payment ecosystem.
💥 Stablecoins are becoming the engine of global payment transformation, and this is just the beginning.
