From Decrypt · By Decrypt Agent
In brief
Mastercard launched Stablecoin Security, a risk-intelligence tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure across the transaction lifecycle, generating a risk score before a payment settles.
Delivered via a platform-agnostic API with partners Borderless.xyz and Keyrails, it addresses a blind spot flagged by a BIS study finding nearly 60% of 2025 stablecoin transfers were complex, multi-step transactions.
It extends Mastercard’s stablecoin push—from its BVNK-powered Global Money Platform to AI-agent payments—launching first in North America, with global availability in 2027.
Mastercard is extending its fraud-fighting playbook to stablecoins, launching a tool that lets financial institutions scan dollar-pegged token payments for fraud, scams, and sanctions exposure before the money ever moves on-chain.
Unveiled Monday at the Money20/20 conference in Las Vegas, the product, called Stablecoin Security, combines Mastercard’s payment intelligence with blockchain analytics to assess risk across the full life of a transaction, from the moment a payment is initiated through its movement on a public ledger.
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The company launched it with two initial program participants, Borderless.xyz and Keyrails, both alumni of its Start Path blockchain accelerator.
The pitch addresses a growing blind spot as stablecoins move into cross-border and business-to-business payments. Mastercard cited a Bank for International Settlements study of 593 million stablecoin transfers in 2025 that found nearly 60% were complex, multi-step transactions rather than simple one-to-one payments, making it harder for institutions to gauge risk across the whole journey.
Delivered through a platform-agnostic API, the tool analyzes signals like where funds originated, exposure to restricted parties and scam indicators, generating a risk score before a payment settles that slots into existing compliance and fraud workflows.
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The launch is the latest sign of Mastercard weaving stablecoins into its core business. The company recently rolled out a Global Money Platform with BVNK, the stablecoin infrastructure firm it acquired in August, letting businesses hold and move fiat and stablecoins through a single connection.