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MasterCard: There is a long way to go when stablecoins become mainstream payment methods

According to online reports, Jorn Lambert, chief product officer of US payments company MasterCard, said that stablecoins are still a long way from becoming a viable daily payment tool. Lambert said that in addition to technical attributes, features such as seamless and predictable user experience, wide coverage, and wide distribution among consumers are also crucial for stablecoins to become a payment tool. Lambert said MasterCard positions itself as a bridge between digital assets and the traditional financial system, and can provide infrastructure that enables large-scale use of stablecoins.

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