Mastercard secures New York BitLicense to support stablecoin and digital payment infrastructure
CoinDesk
Mastercard has obtained a New York BitLicense to advance its blockchain-based payment services and stablecoin infrastructure.Summary
Mastercard has been granted a BitLicense by the New York State Department of Financial Services, authorizing the company to conduct digital asset activities under rigorous regulatory standards. This milestone supports Mastercard’s strategic shift toward integrating blockchain-based payments, stablecoins, and tokenized deposits into the mainstream financial system. By meeting the state's strict compliance, cybersecurity, and capital reserve requirements, Mastercard aims to enhance global payment interoperability and efficiency, reflecting a broader industry trend toward adopting blockchain technology for faster, 24/7 cross-border settlements.
(Source：CoinDesk)