Mastercard and Borderless.xyz are collaborating on a pilot program focused on utilizing stablecoins for cross-border payments.
2 reports, 1 independent
Updated Aug 5
Gone quiet
Reached 2 outlets in its first 24 hours
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- 1
- Repetition
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Mastercard and Borderless.xyz are collaborating on a pilot program focused on utilizing stablecoins for cross-border payments.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Mastercard
American multinational financial services corporation
Related events
- SoFi utilizes Mastercard's global network for stablecoin settlement.
- Mastercard is piloting stablecoin transfers using the Crypto Credential framework, while Western Union has launched a Visa-branded card that utilizes stablecoins.
- Visa is expanding capabilities to integrate various crypto networks (Ethereum, Stellar, Solana, Avalanche) to facilitate crypto-to-fiat on-ramps, challenging traditional payment rails.
- Mastercard announced a partnership in Mumbai to enhance its cross-border payments platform with a local company.
- Visa Inc. and Mastercard are testing live AI agent-initiated payments, leveraging partnerships with companies like Klook and AWS to drive card usage in Southeast Asia.