#MastercardStablecoinCards According to a new survey by Fireblocks, Latin America leads all regions in the actual use of stablecoins: 71% of respondents reported using this technology for cross-border payments.
Analyzing the situation, Mastercard is expanding its presence in the cryptocurrency space with a new global initiative that will allow users to spend stablecoins as easily as fiat money.
Over 150 million merchant locations connected to Mastercard have gained access to accepting payments in stablecoins, including USD Coin (USDC) from Circle and Pax Dollar (USDP) from Paxos.
The payment giant has teamed up with MoonPay to develop a card system backed by stablecoins.
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