Borderless.xyz becomes first Mastercard Crypto Credential pilot partner for stablecoin payments

Mastercard and Borderless.xyz started testing Crypto Credential on Wednesday for cross-border stablecoin payment flows.

The pilot targets firms moving dollars on-chain that want to know who is on the other side of a transaction.

Infinia, Walapay, and Koywe test Crypto Credential

The trial runs over Borderless.xyz’s payments network. Firms that participate embed Crypto Credential’s assurance signals into their transaction approval, screening, and risk management process.

Infinia, Walapay, and Koywe are the first stablecoin payment operators to run assurance signals at network scale with a single-audit compliance model.

Raj Dhamodharan, Mastercard’s executive vice president for Blockchain and Digital Assets, said the tie-up grew out of Start Path, the company’s startup program.

“Today, we’re excited to take the next step together, exploring how Mastercard Crypto Credential can help bring greater trust and confidence to stablecoin payment flows across a growing network of participants,” he said. Infinia, Walapay, and Koywe are Start Path alumni, too.

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