Mastercard Warns of 'Stablecoin Sandwich' While Pitching Its Own Fix
- —Driver: the stablecoin leg is fast, but fiat on- and off-ramps are slow
- —Mastercard closed its acquisition of BVNK for up to $1.8 billion in August
- —Global Money Platform launched October 15 with payouts via Mastercard Move
- —Local-currency payouts in 40+ currencies are promised only for 2027
Why it matters: The largest payments network is acknowledging stablecoins' weak spot — fiat conversion — and monetizing it through its own rails.
Source: Coindoo