Mastercard, Yellow Card partner on stablecoin payments in EEMEA

Global payments company Mastercard and African stablecoin exchange Yellow Card have formed a strategic partnership to innovate stablecoin payments in the Eastern Europe, Middle East, and Africa (EEMEA) region, according to a PR Newswire press release. The two companies will focus on driving innovation in four key areas: cross-border transfers, B2B settlements, digital loyalty ecosystems, and financial management. They also plan to collaborate with banks and regulators to implement compliant stablecoin pilot solutions.