MasterCard’s Lambert say stablecoin not close to being general payment tool

During an information session on agentic commerce and stablecoins, MasterCard (MA) chief product officer Jorn Lambert said the company doesn’t see agentic commerce or stablecoin changing the current payments dynamic, but rather sees these technologies “enforcing it.” Lambert said MasterCard sees the passing of the Genius Act in the U.S. Senate, as well as regulatory progress on stablecoin elsewhere, is a “very good thing” as the technology holds “tremendous promise. He added, however, that stablecoin is not currently used as a general purpose payment tool, and is not close to being so.