Exchanges· ★★★· neutral·

Mastercard: currency conversion is the bottleneck in stablecoin remittances

  • —Executive Matthew Driver called the fiat-stablecoin-fiat process a 'stablecoin sandwich'
  • —Mastercard completed its acquisition of BVNK on August 3, 2026
  • —The Global Money Platform launched October 15 with a single API for fiat and stablecoin accounts
  • —Driver sees more potential in corporate payments than retail in efficient markets like Singapore
Why it matters: A top payments network says conversion infrastructure, not blockchain speed, determines how fast stablecoin remittances actually settle.
Source: TokenPost
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