Mastercard CEO: Stablecoins Fix Cross-Border Payments
Mastercard CEO says stablecoins solve cross-border payment delays.
In brief
Mastercard CEO says stablecoins solve cross-border payment delays. Mastercard CEO Michael Miebach states stablecoins address cross-border payment delays by enabling instant transfers with lower costs and currency stability. Originally reported by Pymnts.
Mastercard CEO says stablecoins solve cross-border delays
Mastercard CEO Michael Miebach states stablecoins address cross-border payment delays by enabling instant transfers with lower costs and currency stability.
“From a working capital perspective for a company, if you could move the money instantly, it would be so much better”
Mastercard backs Open Standard and OUSD
Mastercard supports Open Standard and its dollar-backed stablecoin OUSD, which is live with four integration paths including Stripe, Coinbase, and Visa.
Stablecoins boost cross-border B2B transfers
Cross-border B2B transfers use stablecoins for speed, cost, and currency exposure, settling in seconds at a fraction of traditional wire transfer costs.
Mastercard partners with stablecoin networks
Mastercard launched a partnership with Borderless.xyz to examine cross-border stablecoin payments and acquired BVNK to enable interoperability across fiat and digital currencies.
The headline
Mastercard CEO Michael Miebach states stablecoins address cross-border payment delays by enabling instant transfers with lower costs and currency stability.
