Australian stablecoin payments startup Stables has launched in Europe with a virtual Mastercard card.
The move comes after a collaboration with Mastercard last year in Australia, where Stables launched the first stablecoin wallet in the APAC region, enabling payments with a single stablecoin balance.
With a Virtual Asset Service Provider license, the startup now offers Europeans the ability to make contactless payments in-store and online via Apple Pay and Google Pay across the Mastercard merchant network.
Bernardo Bilotta, co-founder of Stables, says: “Our collaboration with Mastercard has optimized the crypto spending experience, combining familiarity with innovation. European users can now use their stablecoins for everyday spending.”
Christian Rau, SVP, Crypto and Fintech Enablement, Mastercard Europe, added: “As Stables expands into Europe, we are excited to continue supporting them in providing innovative, secure and seamless payment experiences that enable greater choice and cardholders provide the ability to pay, spend and purchase with the assets they choose.”