Payment Giants Can't Remain Indifferent: In the Midst of a Rising Market, Mastercard Released a Statement About Cryptocurrencies!

The global payment giant Mastercard stated in a statement made through its official blog that stablecoins, which stand out among cryptocurrencies, have now reached a turning point and created a significant impact in the real world.

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

The statement indicated that the GENIUS Act, which was adopted by the U.S. Congress, provides the long-awaited legal framework for digital assets and instills confidence in the sector. This step contributes to a global regulatory momentum alongside the European Union's MiCA regulation on Crypto Asset Markets that has come into effect (. Financial centers like Hong Kong, Singapore, and the United Arab Emirates are also adopting a similar approach by introducing secure and transparent regulations for stablecoins.

Mastercard stated that these developments lay the foundations for a more compliant and reliable environment in the sector, emphasizing, "We support clear and strong regulations that enhance trust while promoting innovation."

Mastercard stated that stablecoins currently offer tangible benefits in the business world. In its blog post, it was mentioned that stablecoins accelerate cross-border payments for businesses )B2B(, simplify person-to-person )P2P( money transfers, and provide more flexible payment options for content creators and workers.

However, the company stated that technological advantages alone are not sufficient for these digital assets to become mainstream. It was emphasized that they need to be integrated with reliable systems that protect users and ensure global compliance.

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