Mastercard will collaborate with Nuvei, Circle, and Paxos to create a seamless payment ecosystem

ChainCatcher news, according to official sources, payment giant Mastercard has announced the launch of a "comprehensive" stablecoin payment solution, supporting its global 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's Chief Product Officer Jorn Lambert stated that the company believes in the potential of stablecoins to simplify payments and commerce.