Mastercard's chief product officer, Jorn Lambert, believes stablecoins have a long way to go before becoming a mainstream payment tool.
Attributes like seamless user experience, reach, and wide distribution are crucial for stablecoins to become successful for everyday transactions.
Mastercard is working on providing infrastructure for stablecoins, aiming to bridge digital assets with the traditional financial system.
Stablecoins face hurdles such as consumer adoption and friction in online checkout, but efforts are being made to integrate stablecoins into existing payment networks.