Australian stablecoin startup Stables has entered into a partnership with Mastercard

Australian stablecoin payments startup Stables has announced a partnership with Mastercard to expand into Europe and the UK. Bernado Bilotta, co-founder of the company, said it was indicative of a broader trend of US dollar-pegged assets entering the mainstream. The new partnership will allow Stables users to make purchases in 27 European countries using Circle's US dollar token USDC, whether where Mastercard is accepted or via digital providers such as Apple and Google Pay.