Clearest use case for stablecoins is in cross-border payments, Mastercard CEO reportedly says
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The clearest use case for stablecoins currently is in cross-border payments, Mastercard (MA) (MA:CA) CEO Michael Miebach told Bloomberg TV in an interview.
"If you make a cross-border payment, it takes days; the fees are unclear. From a working capital perspective for a company, if you could move the money instantly, it would be so much better," Miebach reportedly said.
Mastercard, along with Visa (V), Stripe (STRIP), and other partners, launched the Open USD (OPEN-USD) stablecoin on Solana last month.
The company was keen to create a stablecoin particularly focused on moving money instead of investment purposes, according to the CEO.
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