Mastercard and ADI Foundation Collaborate on UAE Stablecoin Payments Initiative
Mastercard has joined forces with the ADI Foundation to advance blockchain-based asset tokenization and stablecoin payments in the UAE. The partnership aims to position the region as a hub for digital assets and blockchain innovation, focusing initially on domestic and cross-border stablecoin transactions.
The collaboration will explore stablecoin-linked payment cards, tokenized real-world assets, and B2B trade flows. Prakriti Singh of Mastercard emphasized the initiative's potential to enhance transaction efficiency, stating, "By advancing asset tokenization and stablecoin-linked applications, Mastercard is enabling faster, seamless, and more secure transactions."
Ajay Bhatia of ADI Foundation described the partnership as a critical step toward building a future-ready digital economy. The project combines ADI's compliant blockchain infrastructure with Mastercard's payments expertise to bridge traditional finance and blockchain ecosystems.