Mastercard Powers KuCoin’s USDC-Pay Cryptocard at 37 Pairs and Joins Euro Instant Payments Pilot
MA•Mastercard’s network now powers KuCoin’s KuCard in Australia, enabling real-time USDC-backed payments at 37 trading pairs via Google Pay and merchant acceptance. Mastercard also joined a TARGET Instant Payment Settlement pilot with Denmark and Sweden, exploring instant cross-border euro transfers through central bank rails.
1. Mastercard Powers KuCoin’s KuCard in Australia
Mastercard’s global network now underpins KuCoin’s KuCard launch in Australia, allowing eligible users to pay with USDC and 37 USDC trading pairs. Supported assets convert to fiat at checkout and settle via Mastercard rails, while Google Pay integration brings crypto payments into existing mobile wallet flows.
2. Mastercard Joins European Instant Payment Pilot
Mastercard joined central banks of Denmark and Sweden in a pilot using the TARGET Instant Payment Settlement platform. The initiative tests real-time cross-border euro transfers through central bank infrastructure, aiming to accelerate settlement times and enhance cost efficiency for cross-border transactions.
