Mastercard: "The Era of Stablecoins in Full Swing… Now Is the Time to Design Trust-Based Infrastructure"

Global payments company Mastercard has identified stablecoins as the key technology to lead the next era of digital money, announcing its commitment to building a 'trust-based infrastructure' focused on regulatory compliance and user protection.

On the 17th (local time), Jesse McWaters, Vice President of Global Policy at Mastercard, stated on the official blog, "Stablecoins have already demonstrated their practicality, including rapid remittances and low fees," but added, "It is now time to move on to the next phase for mass adoption."

Mastercard cited reliability, regulatory compliance, and scalability as the core prerequisites for stablecoins. The company also plans to lay the groundwork for the expansion of this market through its proprietary infrastructure solutions and global partnership networks.

He pointed out, "For stablecoins to become mainstream, it is necessary to go beyond simple speed and programmability and integrate them into a trust-based system that enables user protection and dispute resolution." Mastercard is building a regulation-focused and secure payments ecosystem through its proprietary digital asset infrastructures: the Mastercard Multi-Token Network and Crypto Credential.

He particularly mentioned the recently passed GENIUS Act in the U.S. Congress, the European Union's Markets in Crypto-Assets Regulation (MiCA), and the regulatory frameworks in Hong Kong, Singapore, and the United Arab Emirates (UAE), saying, "A foundation is now in place to simultaneously pursue responsible growth and practical utility."

Going forward, Mastercard intends to promote stablecoin adoption by collaborating with governments, financial institutions, and technology companies. He emphasized, "The key to opening the next era of stablecoins is trust," and "Mastercard is embodying that trust across the entire digital payments system."