Mastercard has announced a significant expansion of its Mastercard Move programme, enabling near real-time payouts to regulated stablecoin wallets through a partnership with Thunes. This integration allows banks and payment providers in the UK to offer customers direct withdrawals to wallets holding stablecoins such as USD Coin (USDC), alongside traditional options like cards, bank accounts, and cash. The collaboration aims to increase payout flexibility, support financial inclusion, and advance the adoption of digital currencies within regulated frameworks.
Under the new arrangement, Mastercard Move leverages Thunes’ Direct Global Network, which connects to over 7 billion mobile wallets, stablecoin wallets, and bank accounts worldwide. The solution enables transfers across 150 currencies and provides access to more than 10 billion endpoints globally. Compliance measures remain central to this initiative, with Know Your Customer (KYC) requirements and blockchain traceability supporting regulatory standards for all transactions.
| Key Feature | Details |
|---|---|
| Real-time payouts | Funds delivered instantly to stablecoin wallets via Thunes network |
| Coverage | 150 currencies, 10+ billion endpoints (including bank and mobile wallets) |
| Compliance | KYC procedures and blockchain-based transaction traceability |
Pratik Khowala, Global Head of Transfer Solutions at Mastercard, stated: “As digital currencies become a bigger part of global money movement, this collaboration with Thunes reinforces our role as a trusted bridge between traditional and digital finance.” Thunes’ President and COO Chloe Mayenobe added: “Collaborating with Mastercard Move to enable stablecoin payouts is another step forward in our mission to enable the next billion end users to take part in the global economy.”
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For further details, see the official press release. To stay informed about developments affecting casino withdrawals, visit our news section.
