Mastercard Embraces Stablecoins After GENIUS Act, But Seeks Central Role in Crypto Payments
Just weeks after the U.S. Congress passed the GENIUS Act, global payments giant Mastercard has publicly embraced stablecoins — but with a catch: it wants to remain at the center of the system. In a statement following the bill’s passage, Jesse McWaters, Executive Vice President at Mastercard, called stablecoins “a turning point” in financial innovation….
