Mastercard Granted New York BitLicense to Advance Stablecoin and Digital Payment Infrastructure

Odaily Planet Daily News: Payment giant Mastercard has announced that it has obtained a BitLicense from the New York State Department of Financial Services (NYDFS), allowing it to conduct digital asset-related businesses under a strict regulatory framework, including stablecoins and blockchain settlement infrastructure. The license was obtained by Mastercard Transaction Services (U.S.) LLC, marking the company's further expansion into digital payments and on-chain settlement infrastructure. BitLicense is one of the strictest crypto regulatory frameworks in the United States, requiring firms to meet multiple standards for capital reserves, compliance, security, and consumer protection.

Mastercard stated that this approval will support its strategic layout in stablecoins and tokenized payments. Company executives pointed out that a clear regulatory framework helps drive digital assets from the experimental stage toward practical applications.

Recently, several institutions, including Galaxy Digital and Strike, have also successively obtained BitLicenses, indicating that U.S. regulatory approvals are accelerating the opening up to compliant digital asset enterprises. (CoinDesk)