Mastercard Expands Stablecoin Payments for Faster Cross-Border Transactions in EEMEA

Mastercard has partnered with Circle to expand stablecoin payment options in Eastern Europe, the Middle East, and Africa (EEMEA). This new initiative allows merchants within the region to accept USDC and EURC stablecoins for faster and more cost-effective cross-border transactions. The program supports multiple regulated stablecoins from leading issuers like Circle, USDG, FIUSD, and PYUSD. 24/7 support in acquiring payments will be facilitated by first partners Arab Financial Services and Eazy Financial Services. This collaboration aims to streamline international payments and lower transaction fees for businesses facing challenges in developing countries with slower settlement times.