Nium has launched a platform enabling businesses to issue stablecoin-funded cards that convert balances into fiat at the point of sale via existing networks.
Mastercard News
Mastercard Worldwide, or Mastercard incorporated, is an international payment system and transnational financial corporation that unifies 22,000 financial organizations in 210 countries around the world. The company was founded in 1966 with the merger of several Californian banks to compete with Bank of America, which currently works with Visa — Mastercard’s main opponent. The company is currently headquartered in New York and Mastercard’s CEO is Ajaypal Singh Banga. The main activity of Mastercard is the processing of payments between the acquired banks, which serve as the place of trades, and other credit corporations that use Mastercard’s debit and credit cards. The Mastercard association is aimed at managing the business, promoting the brand, and developing and implementing new technologies, such as a contactless way of making payment called PayPass.
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Euro stablecoins now make up more than 80% of non-dollar supply, with EURC leading volumes as MiCA and payment-rail integrations support adoption.
1664 - Explained
Mastercard’s planned BVNK acquisition highlights a shift toward infrastructure over token issuance, reflecting how major payment firms are approaching stablecoins.
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The UK has a unique opportunity to merge the best of the EU’s MiCA framework and the US GENIUS Act, Circle’s Dante Disparte told the House of Lords committee on Wednesday.
2097 - Opinion
Crypto cards force asset sales and tax hits. Onchain credit enables yield-bearing collateral power spending without liquidation, making cards obsolete interfaces.
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Mastercard agreed to acquire BVNK for up to $1.8 billion as it expands further into stablecoin and blockchain-based payments.
3659 - News
The program connects crypto companies, banks and payment providers to explore blockchain-based payment and settlement infrastructure.
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SoFi will enable Mastercard issuers to settle card transactions in its cash-backed SoFiUSD stablecoin across the global payments network.
3582 - News
MetaMask Card goes live in the US, with first-time availability across 49 states, including New York, following initial pilots over the past two years.
2982 - News
The Dutch electronic money issuer will act as a BIN sponsor for fintech partners, linking regulated dollar- and euro-denominated tokens to mainstream card rails.
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OKX says the card supports USDC and USDG spending, is issued via Monavate on Mastercard’s network and is available to verified EU users.
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Polygon Labs CEO Marc Boiron told Cointelegraph that the acquisitions position the network as a regulated payments platform built to move stablecoins onchain at scale.
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Binance has halted Visa and Mastercard withdrawals for Ukrainian users who relied on Bifinity services, citing changes linked to regulatory shifts.
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Bitcoin settled $6.9 trillion in the past 90 days as a growing alternative to traditional settlement networks, but its global merchant adoption remains only a fraction of the international giants.
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The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement.
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