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Why Mastercard is Acquiring a Stablecoin Company for $1.8B | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 17 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Mastercards big move. Mastercard is making a $1.8 billion bet on stablecoins, Phantom secures a "first-of-its-kind" green light from the CFTC, and Sam Altman’s World is teaming up with Coinbase to verify human identity behind AI transactions. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.” - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

Hey everyone, you're watching CoinDesk Daily. I'm your host, Jen Sanassi.

0:09.8

Discover Nexo, the premier digital wealth platform, now in the U.S.

0:13.8

Get started today at nexo.com slash coin desk.

0:16.9

MasterCard has agreed to acquire stablecoin platform bank for up to $1.8 billion,

0:27.5

aiming to connect on-chain payments with its global network for cross-border transfers, remittances, and B2B transactions.

0:35.3

The deal which follows failed talks between bank and Coinbase highlights MasterCard's growing push into digital assets as stable coin usage rises.

0:38.5

It's expected to close by year end pending regulatory approval. Banks infrastructure enables businesses to move money in seconds across more than 130 countries

0:44.4

and currently processes about $30 billion annually. Analysts say the acquisition will strengthen

0:50.1

MasterC's ability to bridge traditional finance and blockchain-based payments.

0:54.5

Solana Wallet Phantom has received a no-action letter from the CFTC, allowing it to offer users

0:59.7

access to certain regulated derivatives markets without registering as a broker.

1:03.9

The regulator said it won't pursue enforcement as long as Phantom acts as a non-custodial interface

1:09.2

connecting users to CFTC registered platforms under

1:12.3

specific conditions. Phantom called the decision first of its kind, enabling in-app access to regulated

1:18.2

derivatives and potentially setting a precedent for other crypto wallet providers. And Sam Altman's

1:23.3

World Coin is partnering with Coinbase to help verify that AI-driven transactions are backed by real humans.

1:29.2

The company has launched Agent Kit, a tool that lets AI agents carry cryptographic proof of unique human identity using World ID,

1:36.7

aiming to make them trusted participants in the digital economy.

1:39.9

Integrated with Coinbase and CloudFlare, the system supports stablecoin micropayments and uses zero knowledge proofs to link multiple agents to one person, positioning identity as a key layer for the future of AI powered commerce.

1:52.5

That's our app for CoinDesk Daily. Get more updates on CoinDesk.com and we'll see you next time.

1:57.6

Introducing Nexo, the premier digital wealth platform, earn interest, borrow,

2:02.2

and exchange crypto all in one platform. Now in the U.S. with 30 days of exclusive benefits,

...

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