Mastercard fully embraces stablecoins with all these new developments Widely active in the crypto sector, Mastercard has presented its latest innovations facilitating the adoption of stablecoins. What are these new products that could accelerate the paradigm shift? Mastercard reviews its latest initiatives on stablecoins We have known for several years now that Mastercard takes the subject of cryptocurrencies very seriously, thanks to several initiatives within the ecosystem. Once again, the payment giant proves its interest by diving into the narrative of stablecoins through several innovations.
One of them lies in a partnership with Nuvei and Circle, allowing merchants to receive their payments in stablecoins, regardless of the payment method chosen by the buyer.
For now, this feature focuses on Circle's stablecoins, such as USDC, but discussions are ongoing with Paxos to expand the service.
On the retail payment side, Mastercard has also emphasized its partnerships with Binance and other platforms, allowing the spending of cryptocurrencies across the 150 million points of sale in its global network. Furthermore, its Mastercard Move solution allows for the withdrawal of stablecoins from these platforms to one's bank account.
