Update: Mastercard CEO Says Cross-Border Payments Is Currently Stablecoin's Best Use Case

MT newswire2026/10/09 13:09

By:MT newswire

09:09 AM EDT, 10/09/2026 (MT Newswires) -- (Updates with details from Miebach's interview in the first and second paragraphs; background in the third paragraph) Mastercard (MA) Chief Executive Officer Michael Miebach said Friday in a Bloomberg TV interview that cross-border payments are currently the clearest use case for stablecoins. Miebach said that Mastercard, in collaboration with other companies, is "particularly focused on moving money, instead of investment purposes." The company is a founding partner of Open Standard, alongside Visa (V) and Stripe, which recently issued Open USD, or OUSD, a US dollar-pegged stablecoin, according to the Open Standard website. The company is a founding partner, along with Visa (V) and Stripe, of Open Standard, which recently issued a US dollar-pegged stablecoin, according to the Open Standard website.

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