Market Chatter: Mastercard CEO Says Cross-Border Payments Is Currently Stablecoin's Best Use Case

MT Newswires Live10-09 19:14

Mastercard (MA) Chief Executive Officer Michael Miebach said that cross-border payments currently present the best use case for stablecoins, Bloomberg reported Friday, citing an interview.

Mastercard is interested in stablecoins for moving money rather than as an investment, Miebach said, according to the report.

The company is an investor in a new firm called Open Standard, which recently issued a US dollar-pegged stablecoin, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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