#MastercardStablecoinCards ## **Mastercard & Stablecoin-Linked Cards**

1. **Partnerships with Crypto Platforms**

- Mastercard has collaborated with several crypto and stablecoin providers to enable **crypto-to-fiat conversions** for payments.

- Examples include **Circle (USDC)**, **Paxos**, and **Wirex** (a crypto card provider).

2. **Crypto Card Programs**

- Some fintech companies (like **Binance, Nexo, or Crypto.com**) have offered **Mastercard-branded debit cards** that allow users to spend stablecoins (e.g., USDC, USDT) by converting them to fiat in real time.

- These cards work like traditional debit cards but are funded with digital assets.

3. **Mastercard’s Multi-Token Network (MTN)**

- Announced in 2023, this initiative explores blockchain-based settlement systems, potentially including **stablecoins** for faster cross-border transactions.

4. **Regulatory Compliance**

- Mastercard ensures that stablecoin transactions comply with **anti-money laundering (AML)** and **Know Your Customer (KYC)** regulations.

### **Recent Developments (2024)**

- **Expansion of Stablecoin Support**: Mastercard continues to work with blockchain firms to integrate stablecoins into payment systems.

- **CBDCs & Stablecoins**: They are also researching **Central Bank Digital Currencies (CBDCs)** alongside private stablecoins.