Mastercard partners with Abu Dhabi ADI Foundation to expand stablecoin settlement business

According to TechFlow, on December 16, as reported by Coinedition, Mastercard announced a strategic alliance with the ADI Foundation aimed at expanding the application scenarios of stablecoin settlement and tokenized assets in the Middle East.

This collaboration will support domestic and international cross-border transactions through stablecoin settlement, launch stablecoin-linked payment cards, and explore tokenized real-world asset use cases, while also providing digital asset support for remittances and B2B trade processes. Mastercard stated that this move aligns with the UAE's goal of becoming a hub for digital assets and blockchain infrastructure, and will provide banks, fintech companies, merchants, and consumers with faster settlement speeds, greater transaction visibility, and more resilient payment processes.

Prakriti Singh, Executive Vice President of Core Payments for Eastern Europe, Middle East, and Africa at Mastercard, emphasized the company's commitment to unlocking new opportunities in digital assets through innovation and collaboration. Ajay Bhatia, Chief Council Member of the ADI Foundation, stated that this partnership is a key step in building a more inclusive digital economy and will help achieve the goal of bringing 1 billion people into the digital economy by 2030.