Circle, which released the second edition of the popular USDC stablecoin, has entered into a contract agreement with the American giantTransnational financial services Mastercard. The organization strives to simplify the conversion of cryptocurrency into fiat and test the use of USDC as a means of payments.
</p>The collaboration, which was announced on July 20, will serve as a start to the launch of the pilot program, which will help both companies in several origins.
At the first stage, Mastercard will start usingUSDC to simplify the exchange of cryptocurrencies and expand the capabilities of issuers and digital asset companies to help them spend virtual currency
The second part of the test will includethe use of a popular stablock for “payments to Mastercard, which will help speed up the widespread use of the available financial information on the Internet.
“The interaction of Mastercard and Circle stimulatesnew payment options and commerce in digital currencies. The market for cryptocurrencies continues to develop, and together we are pushing it forward to give people a choice, "
Co-founder and CEO CircleJemie Aller, on his side, noted that the pair will strengthen the “use of USDC in payments and shopping
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