Mastercard Executive: Stablecoins Still Have a Long Way to Go to Become Mainstream Payment Tools

On July 15, according to Bloomberg, Mastercard Chief Product Officer Jorn Lambert said on an analyst call on Monday that while stablecoin technology has the advantages of high speed, 24/7 availability, low cost, programmability, and immutability, these features are not enough to make it an effective everyday payment tool. Lambert emphasized that for stablecoins to achieve widespread adoption, they also need a seamless and predictable user experience, broader coverage, and consumer distribution. Mastercard is positioning itself as a bridge between digital assets and traditional financial systems. [Deep Tide TechFlow]