Yeliz Akmaca 
Following the approval of the GENIUS Act by the U.S. Congress, the conversation around stablecoins shifted significantly. In a timely move, Mastercard openly declared support for these digital assets. However, the company made it clear: this support does not extend to decentralized monetary systems.
Jesse McWaters, Mastercard’s Executive Vice President, emphasized the law’s importance. “Stablecoins are at a turning point,” he said. “The GENIUS Act signals a new era of regulatory clarity and trust in digital assets.”
Mastercard Seeks to Embed Stablecoins in Trusted Systems
McWaters highlighted how stablecoins are already being used in real-world cross-border transactions. From international B2B payments to remittances, they offer a faster and cheaper alternative to traditional methods.
Still, Mastercard believes stablecoins lack one crucial element: a trusted intermediary. “To move from niche to mainstream, stablecoins need more than speed and programmability,” McWaters stated. “They must be embedded in systems people trust—systems that protect users, resolve disputes, and operate seamlessly across borders and platforms. That’s where Mastercard comes in.”
The company has already launched initiatives like the Mastercard Multi-Token Network and Mastercard Crypto Credential. These aim to bring compliance and user protection into stablecoin ecosystems.
A Vision Grounded in Centralized Infrastructure
Mastercard’s strategy favors regulated, interoperable payment networks over peer-to-peer, trustless systems. The company continues to apply its proven model—one that has supported credit card transactions for decades—to digital assets.
Mastercard describes itself as “one of the most trusted payment networks in the world” and aims to play a similar role in stablecoin infrastructure. That said, the company still faces criticism from vendors and users regarding transaction fees and alleged unfair practices in its traditional business model.
The GENIUS Act has removed major regulatory barriers, opening the door for stablecoin adoption. Mastercard supports this evolution—but only under clear rules. The company envisions a future where stablecoins operate within trusted, centralized financial frameworks, not as unregulated or decentralized currencies.
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