MA · Earnings call · 2026Q2T · Full report
Stablecoin Payment Infrastructure
Mastercard Inc · 2026-07-30 · Importance 23 · Surprise 24 · In source text
Mastercard said stablecoins have potential in selected business-to-business and peer-to-peer flows, while emphasizing that acceptance, protections, interoperability and conversion into fiat remain necessary. The company is enabling customers to spend crypto and stablecoin balances through its network and is expanding crypto co-branded propositions with Bitget and Kraken; crypto co-brand volume has more than tripled over two years. Mastercard also plans to launch its Open USD coin across the network and described stablecoins as additive to, rather than replacements for, its payment network.
Key facts
- Mastercard said Open USD is set to go live later this year.
- This quarter, Mastercard expanded its crypto co-brand relationships with Bitget and Kraken.
- Mastercard's crypto co-brand volume has more than tripled over the last two years.
- Mastercard intends to enable one coin on its network from the open standard initiative and will enable other coins as well.
- Mastercard will engage with various other stablecoin consortia around the world to ensure choice and a balanced market.
- Mastercard is working with USDC today and others on stablecoin integrations.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Mastercard said Open USD is set to go live later this year. |
| revenue | positive | probable | — | This quarter, Mastercard expanded its crypto co-brand relationships with Bitget and Kraken. |