Mastercard(US:MA) 智通财经网·2025-04-29 01:14Group 1: Mastercard's Initiative - Mastercard announced plans to offer merchants the option to accept payments and settlements in "stablecoins," marking a significant milestone for stablecoins in the cryptocurrency space [1] - The company is collaborating with payment processor Nuvei and stablecoin issuers Circle and Paxos to facilitate payments using cryptocurrency protocols [1] - Mastercard is also partnering with cryptocurrency exchange OKX to launch a new electronic credit card, further expanding its support for cryptocurrency transactions [1] Group 2: Regulatory Developments - The bipartisan "GENIUS Act" aims to establish a regulatory framework for stablecoin payments in the U.S., having passed a committee vote in March and moving towards full legislative action [1] - Standard Chartered forecasts that if the GENIUS Act is passed, the global stablecoin market could surge to $2 trillion within three years [1][3] Group 3: Market Growth and Impact - The market capitalization of dollar-pegged stablecoins has skyrocketed from under $30 billion to $220 billion in just five years, now exceeding 0.8% of the U.S. dollar M2 money supply [3] - Approximately 85%-90% of stablecoin reserves are directed towards short-term U.S. Treasury securities, indicating a significant demand source for the bond market [3] - Analysts predict that the growth of stablecoins could create a structural demand for short-term U.S. Treasury bonds, potentially accounting for about 40% of the Treasury's short-term issuance in 2023 [3][4]