Mastercard Lets Businesses Spend Stablecoins at Hundreds of Millions of Merchants

TLDR Mastercard launched Global Money Platform on Oct. 15, its first major product built with BVNK since buying the firm in August. Businesses can hold fiat and stablecoins, issue cards in 130-plus countries and pay out to local bank accounts. Mastercard Move reaches more than 17 billion endpoints, with wider currency coverage planned for 2027. Nuvei, Marqeta, Ontop, Beem and Almond FinTech are among the first partners. The deal was valued at up to $1.8 billion, and the launch puts Mastercard in closer competition with Visa. Mastercard has launched a platform that lets businesses connect stablecoin balances to traditional banking and card payments. The company announced the Global Money Platform on Thursday, Oct. 15.

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