Mastercard has launched a corporate platform called Global Money Platform that links stablecoin balances to existing banking services and card payments. The service is designed to let companies offer stablecoin-based payments and transfers without building separate infrastructure. Mastercard said firms can hold and convert fiat currency and stablecoins, issue stablecoin-linked cards and pay out to recipients’ local bank accounts from stablecoin balances. The launch is the first integration with stablecoin infrastructure firm BVNK, which Mastercard acquired in August.