Circle, the blockchain company behind the second-most popular stablecoin USDC, has partnered with the US multinational financial services giant – Mastercard. Both parties aim to facilitate crypto-to-fiat conversions and test using USDC as a settlement option.
The partnership, announced by Circle on July 20th, will result in launching a pilot program that will assist both companies in a few endeavors.
Firstly, Mastercard will start employing USDC to “facilitate crypto-to-fiat conversations” and to expand the ability of issuers and digital asset businesses to spend their virtual currencies.
Another part of the testing will including using the popular stablecoin as a means for card issuers to “more easily settle payments to Mastercard, helping accelerate the world towards greater use of internet-native financial infrastructure.”
“The engagement between Mastercard and Circle fuels new payment opportunities and commerce in digital currencies. The cryptocurrency market continue
Źródło: https://cryptopotato.com/mastercard-and-circle-partner-to-trial-usdc-settlements/
