Australian stablecoin payment startup Stables has officially launched in Europe, introducing a Mastercard virtual card.
This expansion follows a partnership with Mastercard in Australia, where Stables rolled out the first stablecoin wallet in the Asia-Pacific region, enabling users to make payments using a single stablecoin balance.
With a Virtual Asset Service Provider license now in place, Stables is allowing users in Europe to make contactless payments in-store and online through Apple Pay and Google Pay at Mastercard’s network of merchants.
Bernardo Bilotta, co-founder of Stables, stated: “Our collaboration with Mastercard has streamlined the crypto spending experience, blending familiarity with innovation. European users can now leverage their stablecoins for everyday spending.”
Christian Rau, SVP of crypto and fintech enablement at Mastercard Europe, added: “As Stables expands into Europe, we’re pleased to continue supporting them in delivering innovative, secure, and seamless payment experiences, empowering cardholders to pay, spend, and buy with the assets they choose.”