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Stables launches stablecoin virtual card powered by Mastercard

By Leandra Monteiro

June 29, 2023

  • Australia
  • Circle
  • Digital assets

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.”

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