Behold, the mighty Mastercard, in its quest for dominion over the digital realm, doth cast its gaze upon the stablecoin firm Zerohash, seeking to annex it for a sum of two billion gold coins! 💰
A Tragedy of Greed?
Zerohash, that enigmatic architect of crypto infrastructure, doth empower banks and fintechs to weave digital assets into their platforms. Behold, the BlackRock’s BUIDL, Franklin’s BENJI, and Hamilton’s HLPIF-all dancing to Zerohash’s tune! 🕺
Last month, Zerohash raised 104 million, its valuation now a billion, as if the gods of finance themselves have blessed it. 🙏
Just weeks ago, Mastercard was in pursuit of London’s BVNK, a stablecoin titan, but Coinbase, that sly fox, snatched the prize with an exclusivity pact, leaving Mastercard to ponder its fate with a sigh. 😩
Mastercard hath dabbled in stablecoins since 2021, forging alliances and products across regions. Yet, this push may be a direct result of the GENIUS Act, that beacon of regulatory clarity, which hath spurred giants to invest in stablecoin rails. 🧭
GENIUS Act: The Catalyst for Chaos?
Since the GENIUS Act’s passage, Mastercard hath partnered with Circle, enabling merchant settlements across Europe, the Middle East, and Africa via stablecoins. 🌍
Visa, that relentless rival, doth announce support for four new stablecoins across four blockchains, its card spending having multiplied fourfold, as if the market were a merry-go-round of gains! 🎢
PayPal, ever the innovator, hath expanded PYUSD to new blockchains, while Stripe, with its Open Issuance, allows businesses to craft their own stablecoins, as if each were a king in their own realm! 👑
Yet, most traditional payment companies, like Mastercard, focus on building infrastructure, not issuing stablecoins themselves-though one might call it a “strategic delay.” 🕵️♂️
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2025-10-30 10:58