Mastercard Move is set to enable near-instant payouts to stablecoin wallets through Thunes’ Direct Global Network.
This collaboration will allow banks and payment providers to offer payouts to stablecoin wallets, in addition to traditional accounts, cards, and cash. Thunes’ recently launched Pay-to-Stablecoin-Wallets product is now accessible to Mastercard’s global network, directly addressing the increasing demand from individuals and businesses for instant, 24/7 payouts in stable digital currency.
Pratik Khowala, global head of transfer solutions at Mastercard, stated, “With Mastercard Move, we facilitate transfers in 150 currencies to over 15 billion endpoints—covering accounts, cards, and cash. We’re now incorporating stablecoin wallets into this framework. It’s all about providing end-users with more options and creating new opportunities for banks and payment service providers as digital currencies expand.”
This announcement follows Visa’s recent report of pilot trials involving USD-backed stablecoin payouts for creators and gig workers.