Mastercard backs stablecoins post-GENIUS Act, but not as decentralized money
Crypto NewsFriday, July 18, 2025 at 8:34:10 PM
Mastercard is throwing its weight behind stablecoins—crypto tokens pegged to stable assets like the dollar—but with a twist. While the payments giant sees potential in these digital currencies, it’s not endorsing them as decentralized, peer-to-peer cash. Instead, Mastercard seems focused on leveraging stablecoins within regulated financial systems, likely as a bridge between traditional banking and blockchain tech. This comes after the U.S. GENIUS Act, which aims to clarify rules for stablecoins.
Editor’s Note: Mastercard’s stance highlights a growing trend: big finance isn’t rejecting crypto outright—it’s trying to tame it. By backing stablecoins in a controlled way, Mastercard signals that blockchain’s future might be less about cutting out banks and more about making them faster and more efficient. For everyday users, this could mean smoother digital payments, but don’t expect a libertarian crypto utopia anytime soon.
— Curated via WP Now’s
