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

Comparatively, according to official sources, payment giant Mastercard (Mastercard) announced the launch of an “all-round” stablecoin payment solution to support 150 million merchants worldwide to accept stablecoin payments.

Mastercard will partner with payment processor Nuvei and stablecoin issuers Circle and Paxos to create a seamless payments ecosystem. Mastercard Chief Product Officer Jorn Lambert said the company believes in the potential of stablecoins to simplify payments and commerce.