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Mastercard: Stablecoins Still Have a Long Way to Go to Become Mainstream Payment Tools
Summary: According to Bloomberg, Jorn Lambert, Chief Product Officer at Mastercard, stated that stablecoins still have a long way to go before becoming feasible daily payment tools. Lambert emphasized that besides technical attributes, factors such as user experience, coverage, and consumer distribution are equally important. From a technical perspective, Lambert mentioned that although stablecoins have characteristics ...
According to Bloomberg, Jorn Lambert, Chief Product Officer at Mastercard, stated that stablecoins still have a long way to go before becoming feasible daily payment tools. Lambert emphasized that besides technical attributes, factors such as user experience, coverage, and consumer distribution are equally important. From a technical perspective, Lambert mentioned that although stablecoins have characteristics like high speed, 24/7 availability, low cost, and programmability, these are not enough to make them effective payment tools. Mastercard is positioning itself as a bridge between digital assets and the traditional financial system, providing infrastructure to support the widespread use of stablecoins. In the future, Jorn Lambert stressed that stablecoins still lack consumer value propositions and face additional friction in online payment processes. As stablecoin legislation progresses, financial institutions and governments are also considering how to innovate in this area to avoid the risk of dollarization of the economy.
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Link: Mastercard: Stablecoins Still Have a Long Way to Go to Become Mainstream Payment Tools [Copy]
