#BinanceHODLerSAHARA Mastercard and Paxos join forces to drive the adoption of stablecoins.
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#BinanceAlphaAlert Mastercard announced a new phase in its strategy to integrate stablecoins, incorporating those issued by companies such as PayPal, Paxos, Fiserv, and Circle into its global payment network. It will also launch new capabilities through Mastercard Move and the Mastercard multitoken network.
With this initiative, Mastercard aims to promote the use of stablecoins as secure and reliable means of payment, fully integrating them into the standards of the traditional financial system.
Additionally, the firm acknowledges the potential of these stablecoins to expand financial access and improve payment efficiency. Currently, thanks to partnerships with exchanges like MetaMask, Crypto.com, OKX, and Kraken, millions of people can already spend their stablecoin balances at over 150 million merchants.
In this regard, Jorn Lambert, head of products at Mastercard, stated: "We not only enable stablecoin transactions: we help make them secure, compatible, and durable."