The Stellar Development Foundation has partnered with Mastercard to improve remittances and peer-to-peer transactions on the Stellar network.
This collaboration will integrate Mastercard’s Crypto Credential system, allowing users to conduct crypto transactions using only the recipient’s email address, enhancing ease and compliance.
This system will facilitate secure interactions between digital wallet providers like Coins.ph and Mercado Bitcoin. The initial focus will be on peer-to-peer transfers, with future plans to explore broader applications within Stellar’s ecosystem.
Denelle Dixon, CEO of the Stellar Development Foundation, emphasized that this integration will boost transaction efficiency and expand blockchain adoption.
Mastercard continues to lead in merging cryptocurrencies with mainstream finance, having recently launched the Spend debit card, which enables users to spend crypto assets directly from their wallets across its network.
Global banking heavyweight Banco Santander is quietly laying the groundwork to enter the stablecoin space, eyeing fiat-pegged digital tokens as part of a broader strategy to offer crypto services to retail clients.
Crypto exchange Bitget has introduced a new investment product, BGUSD, a yield-generating stable asset tied to real-world financial instruments like U.S. Treasury bills and top-tier money market funds.
A growing number of banks are quietly integrating Ripple’s blockchain infrastructure to improve cross-border transactions, opting for a hybrid model that doesn’t require replacing their legacy systems.
Several of America’s largest banks—including entities tied to JPMorgan, Bank of America, Citigroup, and Wells Fargo—are exploring the creation of a shared stablecoin, according to sources familiar with the discussions.