Business · 7h ago
Visa, Mastercard Join Consortium to Launch Global Stablecoin
A consortium including Visa and Mastercard has launched a new global stablecoin, a digital token pegged to fiat currencies like the US dollar. The stablecoin aims to provide a stable value for cross-border transactions and payments. The initiative marks a major push by traditional payment giants into the cryptocurrency space.
Meridian48 take
The involvement of Visa and Mastercard signals mainstream adoption, but regulatory hurdles and competition from existing stablecoins like USDC remain significant challenges.
Read the full reporting
Consortium including Visa, Mastercard jointly launch new global stablecoin →
Express Tribune
stablecoindigital-payments