Mastercard advances global payment integration with stablecoins

[Mastercard Advances Global Payment Integration with Stablecoins] Mastercard is pushing to allow consumers to use stablecoins for purchases and merchants to accept stablecoin payments. The company stated, “Mastercard is offering a comprehensive 360-degree solution that allows consumers and businesses to use stablecoins as easily as they would use currency from their bank accounts.” Consumers will be able to spend stablecoins from their crypto wallet at over 150 million merchants worldwide that accept Mastercard through traditional cards, and withdraw stablecoins to their bank account via Mastercard Move. Mastercard is also collaborating with the crypto assets exchange CEX to issue co-branded cards and closely working with Circle and Paxos to support stablecoin payments.