News Explorer — Mastercard Embraces Blockchain, Sees Opportunity Beyond Stablecoins

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Aug 16, 6:45 pm

Decrypt

Mastercard Embraces Blockchain, Sees Opportunity Beyond Stablecoins

Mastercard has launched a debit card with MetaMask that allows users to spend self-custodied tokens at any store where Mastercard is accepted. The card is compatible with stablecoins such as USDT, USDC, and wrapped Ethereum, but not with most cryptocurrencies. Mastercard is working on an alternative system to stablecoins that leverages existing digital bank deposits to power commerce on-chain.

Mastercard has launched a debit card with MetaMask that allows users to spend self-custodied tokens at any store where Mastercard is accepted. The card is compatible with stablecoins such as USDT, USDC, and wrapped Ethereum, but not with most cryptocurrencies. Mastercard is working on an alternative system to stablecoins that leverages existing digital bank deposits to power commerce on-chain.

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