Mastercard and Borderless Test Framework to Boost Cross-Border Stablecoin Trust

Mastercard and stablecoin orchestration network Borderless are collaborating on a pilot project to explore how Mastercard's Crypto Credential standards-based framework can increase trust in cross-border stablecoin payments.

The pilot will test whether Mastercard's framework can provide assurance signals that participants can incorporate into their approval, compliance, and risk processes.

Compliance remains one of the biggest friction points for stablecoin payments, according to Kevin Lehtiniitty, CEO and co-founder of Borderless.

The pilot marks Mastercard's latest push into the stablecoin industry, following its acquisition of stablecoin infrastructure company BVNK on Monday for $1.8 billion.