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27/08/25 23:58 UTC-04

Mastercard partners with Circle to support stablecoin payments

Payment giant Mastercard and Circle have entered into a partnership agreement to enable settlements in USDC and EURC stablecoins for acquirers in Eastern Europe, the Middle East, and Africa.

“This is a key step for Mastercard. Our strategic goal is to integrate stablecoins into the financial system by investing in infrastructure, governance, and partnerships to support this exciting transition from fiat money to tokenized and programmable money,” wrote Dimitrios Dosis, President of Mastercard in Eastern Europe, the Middle East, and Africa.

This decision means that Mastercard acquirers in these regions will be able to process payments in Circle’s stablecoins. These companies, also known as acquiring banks, connect merchants to the Mastercard payment network, collect payments from customers, and transfer funds to merchants.

“Expanding our partnership with Mastercard will allow us to reach a broader audience, gain global access, and achieve scale so that USDC becomes as common as traditional payments. Together with Mastercard, we are elevating the role of stablecoins as a core tool for everyday financial activity worldwide,” said Circle’s Chief Commercial Officer Kash Razzaghi.

Unlike traditional payments, stablecoin settlements can be processed instantly and with lower fees. Moreover, stablecoin payments can be automatically programmed for specific purposes.

See also: "Japanese company Metaplanet to raise $881 million for Bitcoin purchases"

#Mastercard #Circle #Stablecoins

Editor: Alyona Nabok
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