Mastercard Issues Statement on Cryptocurrencies Amid Rising Market

Global payment giant Mastercard said in a statement on its official blog that stablecoins, which stand out among cryptocurrencies, have now reached a turning point and are creating a significant impact in the real world.

The company noted that stablecoins offer low-cost and fast solutions, especially in cross-border transactions, and highlighted the future potential of these digital assets.

The statement noted that the GENIUS Act, passed by the US Congress, provides the long-awaited legal framework for digital assets and instills confidence in the sector. This step, along with the European Union’s Markets for Crypto Assets (MiCA) regulation, contributes to a global regulatory momentum. Financial centers such as Hong Kong, Singapore, and the United Arab Emirates are also taking a similar approach by introducing secure and transparent regulations for stablecoins.

Mastercard stated that these developments lay the foundations for a more harmonious and reliable environment in the industry, saying, “We support clear and strong regulations that foster innovation while enhancing trust.”

Mastercard stated that stablecoins are already offering tangible benefits in the business world. The blog post noted that stablecoins accelerate cross-border business-to-business (B2B) payments, simplify peer-to-peer (P2P) money transfers, and provide more flexible payment options for content creators and employees.

However, the company stated that technological advantages alone are not enough for these digital assets to enter the mainstream. It emphasized that they must be integrated with systems that are reliable, user-friendly, and ensure global compliance.

In its blog post, Mastercard stated that it has been preparing for years to make stablecoins secure and scalable. The company argued that through initiatives like the Mastercard Multi-Token Network and Mastercard Crypto Credential, it has built a network that ensures regulatory compliance, resolves disputes, and fosters trust.

*This is not investment advice.