Mastercard: Stablecoins have a long way to go before becoming a mainstream payment method

On July 15 (UTC+8), 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 stated that in addition to technical attributes, a 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. [Source: Odaily] [MetaEra]