Mastercard and Circle have announced a major expansion of their partnership to enable settlement in USDC and EURC stablecoins for acquirers across Eastern Europe, the Middle East, and Africa (EEMEA). This collaboration marks another milestone in the integration of blockchain-based digital assets into traditional financial infrastructure that offers acquiring institutions a faster, more secure, and efficient way to settle transactions.
According to a press release, Arab Financial Services (AFS) and Eazy Financial Services will be the first acquirers in the region to adopt the new stablecoin settlement capabilities. The move allows these institutions to settle directly in USDC or EURC and use them to pay merchants, streamlining liquidity and reducing friction in high-volume settlements.
“This is a key move for Mastercard,” said Dimitrios Dosis, President of Mastercard EEMEA. “We’re investing in infrastructure and partnerships that support the evolution from fiat to tokenized money. Trust is essential to scale, and we’re proud to apply our decades of experience in security and compliance to the stablecoin space.”
Circle’s Chief Business Officer, Kash Razzaghi, emphasized the global implications of the partnership: “Expanding USDC settlement across Mastercard’s vast network is a pivotal step toward borderless, real-time commerce. Together, we’re advancing stablecoins as foundational tools for everyday financial activity.”
AFS CEO Samer Soliman called the initiative “transformative,” noting that it delivers future-ready infrastructure for clients navigating rapid market changes. Eazy Financial Services CEO Nayef Al Alawi echoed the sentiment, saying the collaboration “sets a new standard for digital settlement in the region.”
The announcement builds on previous collaborations between Mastercard and Circle, including crypto card solutions with Bybit and S1LKPAY. As reported by Bitcoin.com News, Mastercard’s partnership with the likes of Binance, Crypto.com, Gemini, Kraken and Metamask enables users to pay and spend stablecoins via traditional cards at over 150 million merchants globally.
As per the press release, Mastercard is driving real-world use cases for stablecoins in remittances, B2B transactions and payouts to creators through platforms like Mastercard Move and the Multi-Token Network (MTN). These efforts are supported by Mastercard’s Crypto Credential and Crypto Secure infrastructure, ensuring compliance and security at scale.
As stablecoins continue to gain traction across emerging markets, Mastercard’s strategy in the EEMEA region reinforces its leadership in digital payments innovation—bridging the gap between traditional finance and the future of programmable money.
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