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Mastercard CEO calls cross-border payments clearest stablecoin use case

Mastercard is seeing the strongest stablecoin traction in cross-border payments, which CEO Michael Miebach described as the technology's clearest current use case.

Mastercard logo with overlapping red and yellow circles centered against a black background.
Image: @Crypto_Briefing

Cross-border payments are the clearest current use case for stablecoins and the area where Mastercard is seeing the most traction, according to Chief Executive Officer Michael Miebach.[4][3][1]

According to reporting by PYMNTS, Miebach stated that stablecoins solve delays inherent to cross-border payments. Crypto Briefing separately reported that the use of stablecoins in cross-border transactions could revolutionize global commerce by accelerating payment speeds and reducing costs.[2][1]

Key facts

  • Mastercard CEO Michael Miebach stated that cross-border payments are where the company sees the most traction for stablecoins.
  • Miebach identified cross-border payments as the clearest current use case for stablecoins.
  • Miebach said stablecoins solve cross-border payment delays, according to PYMNTS.
  • Crypto Briefing reported that stablecoins could revolutionize global commerce by increasing transaction speed and cutting costs.

Sources · 4 sources

  1. CB

    Crypto BriefingArticle ·

    Mastercard CEO calls cross-border payments stablecoins’ clearest use case Stablecoins' role in cross-border payments could revolutionize global commerce by enhancing transaction speed and reducing costs. The post Mastercard CEO calls cross-border payments stablecoins’ clearest use case appeared first on Crypto Briefing .

    Open source
  2. PY

    PYMNTS@pymntsPost on X ·

    Mastercard CEO: Stablecoins solve cross-border payment delays. Full story on PYMNTS: https://t.co/d6yv5X6RnA

    Open source
  3. CB

    Crypto Briefing@Crypto_BriefingPost on X ·

    💳 NEW: Mastercard CEO Michael Miebach says cross border payments are the clearest current use case for stablecoins and where the company sees the strongest traction. https://t.co/ZOoP2NRj3v

    Open source
  4. BL

    Bloomberg@businessPost on X ·

    Cross-border payments where Mastercard is seeing the most traction for stablecoin, according to CEO Michael Miebach. https://t.co/xalR06MeAR

    Open source