Mastercard Brings Stablecoins to Millions of Retail Checkouts

Mastercard is opening its global payments network to stablecoin spending through a new platform built with BVNK, allowing customers to use digital dollar balances at hundreds of millions of merchant locations. Announced Oct. 15, the service combines traditional currencies and stablecoins through one integration, with card issuing across more than 130 countries and bank payouts powered by Mastercard Move. A stablecoin balance sitting in a digital account can now become spending money across Mastercard’s enormous merchant network, without requiring customers to manually exchange their holdings first. On Thursday, Oct. 15, Mastercard and BVNK unveiled the Global Money Platform, connecting conventional banking and blockchain-based payments through a single interface. The arrangement opens access to hundreds of millions of merchant locations worldwide, with card issuing available in more than 130 countries.

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