back Back

Stables launches stablecoin virtual card powered by Mastercard

By Leandra Monteiro

June 29, 2023

  • Australia
  • Circle
  • Digital assets
Share

StablesStables, a stablecoin digital wallet, announced the official launch of the Stables Mastercard™ virtual prepaid card in Australia.

The solution allows users to seamlessly and securely spend their stablecoin balance anywhere Mastercard cards are accepted, instore or online. Leveraging Circle Internet Financial (Circle)’s USDC, the virtual card empowers customers to utilise their stablecoins in the physical world, meeting the growing demand for real-world spending among digital asset holders.

“Our vision has always been to simplify the usage of stablecoins and drive their widespread adoption globally” said Erez Rachamim, CEO of Stables. “With the launch of the Stables Mastercard virtual prepaid card, we are empowering users to unlock the true potential of stablecoins by enabling them to spend their holdings like cash securely, seamlessly and globally. This is a significant milestone in our journey towards revolutionising the future of money.”

“The collaboration is driven by the shared objective of fostering worldwide economic prosperity by facilitating seamless value exchange. Circle’s exceptional commitment to regulatory compliance and industry-leading transparency is why we chose to leverage USDC as the preferred stablecoin for storing customer funds,” added Bernardo Bilotta, CPO who has extensive experience building FinTech products like Pocketbook & Zip which have reached millions of users. “Our team has meticulously developed a product that combines ease of use, security, and global accessibility.”

“We are thrilled that Stables shares our mission to shape the future of digital transactions,” said Raagulan Pathy, Vice President of Asia Pacific for Circle. “The Stables Mastercard virtual prepaid card will usher in a new era of utilizing digital assets, and we look forward to future innovations from Stables.”

Previous Article

June 29, 2023

UST teams up with BIS & Bank of England on retail CBDC projects

Read More
Next Article

June 29, 2023

Marstone & Bancolombia to bring wealth management services to LatAm customers

Read More













IBSi Daily News Analysis

Embedded Finance

September 29, 2023

Australia

Banking is becoming byte-sized with rise of Embedded Finance, Temenos study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 15, 2023

Fipto raises €15m for blockchain-based treasury management offering

Read More

September 15, 2023

Deutsche Bank partners with Taurus for crypto asset management

Read More

September 07, 2023

tell.money delivers open banking solution to crypto banking platform, Colossos

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023