Mastercard launches Global Money Platform to integrate stablecoins into traditional banking and card payments

Mastercard introduced the Global Money Platform, enabling businesses to integrate digital currencies into traditional banking and card services without building proprietary infrastructure. The platform allows businesses to hold and convert fiat currencies and stablecoins, issue stablecoin-linked cards, and make direct payments from stablecoin balances to recipients’ local bank accounts via Mastercard Move, which reaches over 17 billion destinations. Early integration partners include Nuvei and Marqeta.