Stablecoins are at a turning point. The passage of the GENIUS Act by the U.S. Congress signals a new era of regulatory clarity and confidence in digital assets.

This builds on global momentum. The EU’s Markets in Crypto-Assets (MiCA) framework, now in effect, has set a precedent for comprehensive oversight. Similar frameworks in Hong Kong, Singapore and the United Arab Emirates have also introduced rules that prioritize the safe and secure operation of these assets.

Together, these developments are laying the groundwork for a more cohesive environment — one that fosters innovation while reinforcing trust. We welcome this progress. As with past waves of financial innovation, we support strong, clear regulation that enables responsible growth, propels choice and unlocks real-world benefits. 

Stablecoins are already proving their value in the real world. They’re enabling faster, lower-cost cross-border B2B payments. They’re simplifying peer-to-peer remittances. And they’re creating new ways for content creators and gig workers to get paid on their terms.

But to move from niche to mainstream, stablecoins need more than speed and programmability. They need to be embedded in systems that people trust — systems that protect users, resolve disputes and work seamlessly across borders and platforms.

That’s where Mastercard comes in.

We’ve done this before. For decades, Mastercard has operated one of the world’s most trusted payments networks. We’ve been applying that same expertise to digital currencies for close to a decade.

Mastercard has been preparing for this moment for years. We’ve worked across the crypto and traditional finance ecosystems to explore and understand how stablecoins and other digital assets can complement and enhance existing payment systems. We’ve invested in the tools, partnerships and standards that can help stablecoins scale responsibly.   

Through solutions like the Mastercard Multi-Token Network and Mastercard Crypto Credential, we’re building the compliance-first network that stablecoins need to scale safely. These solutions are designed to manage settlement, enhance safety and ensure regulatory compliance — while preserving the flexibility and programmability that make stablecoins so promising. We’re not just enabling transactions — we’re embedding trust into the system.

We’re also bringing our global network of partners — governments, crypto natives, financial institutions and technology partners — together to shape the future of stablecoin adoption.

The GENIUS Act, MiCA and other emerging frameworks open the door to a future filled with more innovation. And Mastercard is walking through it — by building the infrastructure, setting the standards and enabling the partnerships that will help define the next era of digital money.  

We’ve made meaningful progress. We’re excited to take stablecoins to the next level.