Mastercard launches stablecoin payment risk control tool to screen for fraud and sanctions risks

PANews October 20 news, according to The Block, Mastercard launched its risk intelligence service Stablecoin Security at the Money20/20 USA conference to help financial institutions assess stablecoin payment risks before funds go on-chain, trace the source of funds, identify potential links to fraud, scams, sanctions violations, and other financial crimes, and connect via API to banks' existing anti-fraud and compliance systems. The first partners are Borderless.xyz and Keyrails. The service will launch first in North America, with global commercialization expected by 2027, and next year will also incorporate BVNK, which it acquired in August this year.