Stablecoins Face Challenges in Becoming Everyday Payment Tools, Says Mastercard Executive

According to Odaily, Jorn Lambert, Chief Product Officer at U.S. payment company Mastercard, has stated that stablecoins have a long way to go before they can become viable tools for everyday transactions. Lambert emphasized that beyond technical attributes, factors such as seamless and predictable user experience, extensive coverage, and widespread consumer distribution are crucial for stablecoins to be used as payment instruments. He noted that Mastercard positions itself as a bridge between digital assets and the traditional financial system, offering infrastructure that could enable large-scale use of stablecoins.