Mastercard: There is still a long way to go before stablecoins become a mainstream payment method

Odaily News Jorn Lambert, chief product officer of U.S. payment company Mastercard, said that stablecoins still have a long way to go to become a viable daily payment tool. Lambert said that in addition to technical attributes, seamless and predictable user experience, wide coverage, and wide distribution among consumers are also crucial for stablecoins to become payment tools. Lambert said that Mastercard positions itself as a bridge between digital assets and the traditional financial system and can provide infrastructure to enable stablecoins to be used on a large scale.