Mastercard launches Global Money Platform for stablecoin payments

Mastercard has introduced the Global Money Platform, a new service designed to help businesses integrate stablecoin payments into traditional banking and card systems. This launch marks a significant milestone as it allows companies to access digital currency services without the need to build their own payment infrastructure. The Global Money Platform is Mastercard’s first significant collaboration with BVNK, following the company’s acquisition of BVNK in August. By leveraging this platform, businesses are now able to hold and convert between fiat currencies and stablecoins. Additionally, the system enables firms to issue stablecoin-linked cards and make payments directly from stablecoin balances to local bank accounts. The platform is fully integrated with Mastercard Move, the company’s global money transfer network.

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