Stablecoins Partner with Card Networks to Drive Global Payments

Stablecoins have been touted as a revolutionary way to transfer funds across borders without the need for traditional card networks or banks. However, their limitations in reaching real-world shops and paychecks have become apparent.

The issue lies in what is known as the 'last-mile problem' – getting value from blockchain to merchants and workers. Card networks have been able to bridge this gap through their established relationships with banks and shops.

Card leaders are now welcoming stablecoins as new infrastructure for money transfer, recognizing the potential benefits of a hybrid system that combines the speed and security of blockchain with the reliability and reach of traditional card networks.