Lates News

Mastercard announced that as regulations regarding digital assets linked to traditional and legal currencies become clearer worldwide, it will offer merchants the option to accept stablecoin payments. In a press release, Mastercard stated that it is working with payment processor Nuvei, stablecoin issuers Circle and Paxos, among other companies, to enable cryptocurrency payments. Earlier this year, US lawmakers introduced the "Guidance and Enhanced Regulator Oversight of Stablecoins Act" (GENIUS Act) aimed at creating a regulatory framework for stablecoins in the US. The bill passed a vote in the Senate committee in March and is expected to become law. Standard Chartered Bank estimated in a recent report that the stablecoin market could surge to $2 trillion within the next three years. Meanwhile, Mastercard also announced that it is collaborating with cryptocurrency exchange OKX to launch a new card.