Mastercard has been exploring blockchain-related use cases for several years, consistent with its tradition of embracing innovative technology to advance cash displacement and financial inclusion. Mastercard has designated the first stablecoin, USD Coin (USDC), five months after announcing its intention to integrate chosen stablecoins onto its network. By partnering with Circle to allow bitcoin-to-fiat conversions in a pilot initiative, cryptocurrency holders will be able to spend their digital assets at merchants who accept Mastercard...

Support us!