Mastercard Stablecoin Platform Goes Live Two Months After BVNK Deal
Photo: ETHNews
Mastercard and BVNK launched a platform that combines fiat and stablecoin accounts, cards and payouts. Stablecoin balances can be spent across Mastercard’s merchant network without merchants handling crypto. The launch is the first product from Mastercard’s acquisition of BVNK. Visa runs a competing platform, yet both networks are founding partners of the OUSD stablecoin. Mastercard and BVNK on October 15 launched the Mastercard Global Money Platform , a service that lets banks, fintechs and corporates hold, convert, spend and send stablecoins alongside traditional currencies through a single API.
Source: ETHNews
