Mastercard to Allow Stablecoin Payments to Merchants
Mastercard has unveiled a ‘360-degree’ strategy for stablecoins, aiming to service them like card payments for consumers, merchants, and banks.
As the stablecoin sector becomes increasingly competitive, 2025 is seen as a pivotal year for expanding beyond crypto-specific applications. The focus is on building the largest partner networks.
Recently, Stripe revealed it’s testing a new stablecoin solution using the Bridge API for business payments.
Citi projected that stablecoins could circulate $1.6 trillion to $3.7 trillion by 2030. Circle announced the Circle Payments Network to coordinate on and off-ramps, collaborating with Deutsche Bank, Santander, Societe Generale, and Standard Chartered.
In today’s announcement, Mastercard highlighted the potential for stablecoins to become ‘ubiquitous’. Last month, startup Ubyx revealed plans for a network allowing banks and fintechs to manage a variety of stablecoins, including smaller ones.
