On July 15, according to Bloomberg, Mastercard's Chief Product Officer Jorn Lambert stated that despite the technical advantages of stablecoins such as high speed and low cost, they still face challenges in user experience and channel coverage to achieve daily payments, with approximately 90% of stablecoin transactions currently concentrated in crypto asset trading.
Lambert emphasized that technology alone is far from sufficient to support the popularization of stablecoins as a payment tool. Mastercard is positioning itself as a bridge connecting traditional finance and digital assets, and has already collaborated with institutions like Paxos to support various stablecoins, including USDC and PYUSD, with plans to provide infrastructure for large-scale stablecoin applications through its global merchant network and secure compliance capabilities.
