Mastercard: Stablecoins Have a Long Way to Go to Become Mainstream Payment Methods

Jorn Lambert, Chief Product Officer of the American payment company Mastercard, stated that stablecoins have a long way to go before becoming a viable everyday payment tool. Lambert said that in addition to technical attributes, seamless and predictable user experience, broad coverage, and wide consumer distribution are also critical for stablecoins to become payment tools. Lambert stated that Mastercard is positioning itself as a bridge between digital assets and the traditional financial system and can provide the infrastructure to enable stablecoins to be used on a large scale. [Odaily Planet Daily News]