Mastercard Chief Product Officer: Stablecoin Cannot Achieve Mainstream Adoption as a Payment Tool Solely Through Technology
BlockBeats News, July 15th, according to Bloomberg, Mastercard's Chief Product Officer Jorn Lambert stated that despite the technical advantages of stablecoins such as high speed and low cost, achieving everyday use still faces challenges such as user experience and network coverage. Currently, about 90% of stablecoin transactions are still concentrated in cryptocurrency trading.
Lambert emphasized that relying solely on technology is far from sufficient to support the widespread use of stablecoins as a payment tool. Mastercard is positioning itself as a bridge between traditional finance and digital assets and has partnered with institutions like Paxos to support multiple stablecoins, including USDC, PYUSD, etc. The company plans to provide a scalable stablecoin infrastructure through its global merchant network and robust compliance capabilities.
You may also like

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market


