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Mastercard Follows Visa Into Stablecoin Payouts via Thunes Partnership
Yahoo Financeยท 2025-11-13 08:20
Core Insights - Visa and Mastercard have both launched stablecoin payout solutions, enhancing real-time payment options for users on their global networks [2][7] - The integration of stablecoin wallets aims to provide more choices for end-users and unlock new opportunities for banks and payment service providers [3][6] - Stablecoin payouts are particularly beneficial for businesses operating in the gig economy and digital marketplaces, allowing for faster payments across borders [4][3] Group 1: Company Initiatives - Visa initiated a stablecoin payout pilot, which was quickly followed by Mastercard's announcement of a similar fiat-to-wallet payout solution [1][2] - Mastercard has partnered with fintech startup Thunes to support its stablecoin payout infrastructure, which includes various payment methods [1][2] Group 2: Market Implications - The introduction of stablecoin payouts could significantly streamline payment processes for global digital platforms, reducing the reliance on traditional systems like SWIFT [4][7] - Major companies, including Meta, are exploring stablecoin payouts to mitigate high costs associated with fiat transfers [4] Group 3: Financial Inclusion - Both Visa and Mastercard highlighted the potential of stablecoin wallets to enhance financial inclusion, especially in regions with low bank account ownership [6][8] - The emphasis on financial inclusion aligns with the broader narrative of stablecoin issuers, aiming to provide access to payments for the underbanked and unbanked populations [8]