Mastercard revealed in a recent U.S. SEC filing that it successfully tokenized 30% of its transactions in 2024.
The company also acknowledged the growing influence of stablecoins and cryptocurrencies, highlighting their potential to reshape traditional financial services.
As part of its commitment to advancing payment technologies, Mastercard emphasized its efforts to modernize the ecosystem through transaction tokenization, blockchain-driven business solutions, and simplified digital asset accessibility. The company stated that it is taking a “principled approach” to digital finance by incorporating rigorous risk management strategies and closely monitoring its partners in the cryptocurrency market.
The payment servicing company has actively collaborated with crypto industry players to facilitate the purchase of digital assets using its cards while enabling users to spend their crypto balances wherever its payment network is accepted.
Beyond its technological advancements, the company acknowledged that stablecoins and digital currencies are emerging as formidable challengers to conventional financial models. They also noted that these assets may gain greater mainstream acceptance as regulatory frameworks evolve due to their efficiency, accessibility, and immutability.
The surge in stablecoin adoption has drawn attention from U.S. lawmakers. Representatives French Hill and Bryan Steil recently introduced a draft bill to establish a regulatory framework for stablecoins to reinforce the U.S. dollar’s dominance in global finance.
A recent report by ARK Invest, titled Big Ideas 2025, revealed that stablecoin adoption surged dramatically in 2024, with transaction volumes reaching a record-breaking $15.6 trillion. This figure represents a 119% increase over Visa’s transaction volume and a staggering 200% increase over Mastercard’s. The report noted that monthly stablecoin transactions reached 110 million, exceeding Visa and Mastercard by 0.41% and 0.72%, respectively. This represents a five-year high in stablecoin usage, indicating a shift towards blockchain-based payments over traditional credit cards. Mastercard reported strong financial results for 2024, with net revenue of $28.2 billion, marking a 12% increase from the previous year, despite increased competition from the digital asset sector.
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