MasterCard Insider predicts what’s coming next after Big Stablecoin ‘Turning Point,” says the Company has been preparing for years. -

Mastercard’s top executives say the payment giant is preparing stubcoins to have a major impact on the global financial system.

In a new blog post, Jesse McWaters, Executive Vice President and Head of Global Policy at MasterCard, says the company is welcoming the Stablecoin regulations that it has passed recently.

While many view Stablecoins as a threat to payment giants like MasterCard, McWaters says the company has been “preparing for this moment for years.”

“We worked across crypto and traditional financial ecosystems to explore and understand how Stablecoins and other digital assets could complement and enhance existing payment systems. We invested in tools, partnerships and standards to express our responsibility for stubcoin.”

McWaters also suggests that they are coordinating a network of partners, including “government, crypto natives, financial institutions and technology partners” to prepare for the adoption of Stablecoin.

The executive says,

“The act of genius, MICA and other emerging frameworks open the door to a future filled with more innovation, and Mastercard is walking through it. It enables partnerships that will help you build infrastructure, set standards and define the next era of digital money.

We have made meaningful progress. We are excited to take Stablecoins to the next level. ”

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