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

On April 29th, according to official sources, payment giant Mastercard announced the launch of a "comprehensive" stablecoin payment solution, supporting its 150 million global merchants to accept stablecoin payments. Mastercard will collaborate with payment processor Nuvei and stablecoin issuers Circle and Paxos to create a seamless payment ecosystem. Mastercard's Chief Product Officer Jorn Lambert stated that the company believes in the potential of stablecoins to simplify payments and commerce.