Mastercard Expands Stablecoin Strategy With New Crypto Credential Pilot

Mastercard is teaming up with global liquidity network Borderless.xyz to pilot its Crypto Credential framework for cross-border stablecoin payments, the companies announced Wednesday. The framework verifies participants in blockchain transactions using standardized assurance signals that can plug into compliance and risk systems.

Pilot Tests Trust Across Stablecoin Network

The pilot will assess how Mastercard’s framework performs across Borderless.xyz’s payments network, which links wallet infrastructure to more than 15 licensed stablecoin providers in over 100 countries. Raj Dhamodharan, Mastercard’s executive vice president for Blockchain & Digital Assets, said the goal is to bring “greater trust and confidence to stablecoin payment flows across a growing network of participants.” Network members Infinia, Walapay and Koywe are among the first to join, using a single-audit compliance model at network scale.

Part Of A Broader Stablecoin Push

This pilot follows Mastercard’s completed acquisition of stablecoin infrastructure firm BVNK and its June rollout of regulated settlement support for USDC, PYUSD and RLUSD. In March, the company also launched its Crypto Partner Program, bringing together more than 85 crypto and payments firms to build use cases like cross-border remittances and settlement.