Mastercard and Circle Expand Stablecoin Settlement Reach in EEMEA

Mastercard has partnered with Circle to bring USDC and EURC settlements to the Eastern Europe, Middle East, and Africa (EEMEA) region. This move aims to streamline cross-border transactions and provide businesses and consumers with more efficient access to digital currencies for payments. Mastercard’s network will facilitate direct settlement using USDC and EURC, eliminating traditional correspondent banking processes and improving transaction speeds and security in emerging markets where currency volatility and inadequate banking infrastructure are prevalent.