Mastercard Introduces Stablecoin Payment Screening in North America

Mastercard has introduced Stablecoin Security, a service that checks stablecoin payments for fraud, scams and sanctions risk before funds move onchain, with its initial rollout focused on North America. Announced Oct. 19 at Money20/20 USA, the service combines payment details with blockchain activity. Through an application programming interface, it examines where funds came from, whether a restricted party is involved and whether a transfer shows signs of a scam. It then produces a risk score before the payment is completed. Borderless.xyz and Keyrails are the first partners.

Source: TokenPost