Mastercard to Collaborate with Nuvei, Circle, and Paxos to Create a Seamless Payment Ecosystem

According to Blockbeats, payment giant Mastercard has announced the launch of a "comprehensive" stablecoin payment solution, enabling its global network of 150 million merchants to accept stablecoin payments.

Mastercard will collaborate with payment processor Nuvei and stablecoin issuers Circle and Paxos to create a seamless payment ecosystem. Mastercard Chief Product Officer Jorn Lambert stated that the company believes in the potential of stablecoins to streamline payments and commerce.