Mastercard to settle transactions for stablecoin wallet in APAC

Mastercard launches a stablecoin digital wallet integration to enable more freedom to spend.

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard. The payment card enables users to save and spend the USD Coin stablecoin by converting the digital currency into fiat and settling on Mastercard’s network. The card will be accessible through the Stables digital application via mobile wallets.

“Stables is building a solution for the Web3 sector leveraging Mastercard’s global network and cyber and intelligence tools, including CipherTrace and Ekata, with trust and security at the core.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rattled crypto industry could emerge stronger after USDC depeg“It’s ironic that what was supposed to be the safest place to put stablecoin reserves caused a depegging,” said Timothy Massad, a fellow at Harvard’s Kennedy School of Government.
Read more »

Millions of dead fish have washed up in a river near an Australian town | CNNMillions of dead fish have washed up in a river near a small Australian town, in a phenomenon state officials say is related to the 'heatwave conditions' that are sweeping the country.
Read more »

Rod Stewart ‘downhearted’ over canceling Australian concert due to viral infection hours before showRod Stewart said this weekend a viral infection forced him to cancel a concert in Geelong, Australia, just hours before he was expected to go on Saturday night.
Read more »

Australian river filled with millions of dead fish as residents complain of ‘putrid’ smellThousands of fish around the Australian Outback town of Menindee have washed up in recent weeks, clogging a major river, and scientists believe depleted oxygen levels are to blame.
Read more »

RBA’s Kent: Australian banks are unquestionably strong“Capital, liquidity positions well above apra’s regulatory requirements,” said Christopher Kent, Reserve Bank of Australia’s (RBA) Assistant Governor
Read more »