Stablecoin infrastructure provider Zerohash has obtained a license under the European Union’s Markets in Crypto-Assets Regulation. The license allows the company to offer stablecoin services across the EU. Zerohash is among the first infrastructure providers to receive such authorization.

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Mastercard is reportedly in advanced discussions to acquire Zerohash for between $1.5 billion and $2 billion, according to sources cited by Fortune. If the deal proceeds, it would represent a move into the stablecoin sector. Both companies declined to comment.

Zerohash Secures EU License

Zerohash provides blockchain infrastructure and stablecoin services to financial firms. The startup recently raised over $104 million, valuing it above $1 billion. It partners with organizations including Morgan Stanley and Interactive Brokers.

Zerohash Europe said it secured a license from the Dutch Authority for the Financial Markets. This approval allows the company to offer stablecoin and crypto services to banks, fintech firms, and payment platforms across the 30 European Economic Area countries.

Stablecoin Payments Expand Across Mastercard Network

Separately, Mastercard and MoonPay have launched a partnership to support stablecoin payments across Mastercard’s network. Financial firms and fintechs can issue cards linked to users’ stablecoin wallets, allowing real-time spending.

Stablecoins convert automatically to local currency at over 150 million Mastercard locations.

The system supports international payments, gig worker disbursements, and underbanked users. Mastercard is also testing tokenization and biometric authentication to improve security during online payments.

This article was written by Tareq Sikder at www.financemagnates.com.CryptoCurrencyRead More

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