Mastercard secures New York BitLicense to support stablecoin and digital payment infrastructure

The payments giant said the approval supports its push into stablecoins and blockchain-based settlement infrastructure. What to know : Mastercard has secured a New York BitLicense, allowing it to conduct digital asset activities under one of the toughest crypto regulatory regimes in the United States. The approval advances Mastercard’s strategy to build blockchain-based payments and settlement infrastructure, with a particular focus on stablecoins and tokenized deposits. The move highlights how major payment networks are preparing for a financial system in which blockchain-based rails operate alongside, rather than outside, traditional banking systems.