According to Cointelegraph, Mastercard and stablecoin orchestration network Borderless have launched a pilot project to test the application of the Crypto Credential (cryptographic credential) framework in cross-border stablecoin payments. The pilot aims to enhance certainty for all transacting parties in approval, compliance, and risk management processes through unified standards and verification signals, and reduce cross-border payment friction.
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Source: TechFlow Crypto News