Mastercard expands crypto partnerships after stablecoin law
The GENIUS Act clarifies stablecoin rules, enabling Mastercard to deepen partnerships with blockchain firms like Ripple.
The passage of the GENIUS Act in July has brought renewed focus on the relationship between digital asset firms and traditional financial institutions. Mastercard signalled readiness for a new era in digital assets, highlighting efforts to integrate stablecoins with conventional payment systems.
Mastercard’s collaboration with blockchain firms such as Ripple, Consensys, and Fireblocks was highlighted in a presentation shared by crypto researcher SMQKE.
The slide underscored Mastercard’s involvement in central bank digital currency (CBDC) initiatives alongside Visa and other partners, reflecting a commitment to making digital currencies as easy to use as cash.
Ripple’s presence in Mastercard’s network indicates its rising importance in regulated, institutional-grade solutions. Known for its work on real-time cross-border settlements, Ripple is well placed to benefit from the clearer regulatory landscape established by the GENIUS Act.
The legislative certainty encourages more traditional finance players and crypto firms to form lasting partnerships and expand compliant stablecoin applications.
The new law defines who can issue stablecoins and under what conditions, providing financial institutions with confidence to explore innovative payment models.
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