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Australian stablecoin payment startup Stables has expanded into Europe with the launch of a Mastercard virtual card.
Following a successful collaboration with Mastercard in Australia last year, where Stables introduced the first stablecoin wallet in the APAC region enabling payments from a single stablecoin balance, the company is now extending its reach to European users.
With a Virtual Asset Service Provider licence, Stables offers Europeans the ability to make contactless in-store and online payments via Apple Pay and Google Pay across 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. This enables greater choice and empowers cardholders to pay, spend, and buy with the assets they choose.”
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