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0.000411795248240951 -0.000751973931570299 -0.000769878072798149 0.000841494637709751 -0.0155228904445598 -0.0330331405654127 -0.0390220758061339 -0.0367303457289671
Stock impact report

Polygon targets stablecoin payments with deals worth $250 million [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Sequence for more than $250 million, as it looks ?to tap the growing demand for stablecoin-based transactions. Stablecoins, digital tokens pegged to stable assets ?such as the U.S. dollar, are increasingly being explored as a tool for payments and settlements, especially after the passage of the Genius Act last year. However, the infrastructure for such transactions remains fragmented, and ?Polygon's acquisitions aim to ?bring key pieces in-house while expanding its reach in the market. "Our goal is to become a regulated U.S. ?payments player. Payments is the killer use case," Polygon CEO Marc Boiron said in an interview with Reuters. The initial push will target business-to-business payments, with ?a pivot to consumer services expected later, Boiron said. Established players ?such as Visa and Mastercard are vying for dominance in stablecoin payments, but the crowded market may make it harder for companies to differentiate themselves. Boiron, however, said Polygon's strate Show less Read more
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