Mastercard unveils comprehensive infrastructure for integrating stablecoins into daily use.
Through partnerships with OKX, Nuvei, and Circle, Mastercard facilitates the acceptance of stablecoin payments by merchants and launches the OKX Card.
By leveraging its Crypto Credential network and the Multi-Token Network (MTN), Mastercard aims to revolutionize cross-border payments and real-time asset tokenization.
Mastercard reveals a complete infrastructure to integrate stablecoins into the daily lives of consumers and merchants. From wallet activation to payment completion, the payment giant is laying the foundation for a seamless and universal ecosystem.
Mastercard reveals a comprehensive network for stablecoins
Building on strategic partnerships with major crypto players such as MetaMask, Kraken, Crypto.com, and Binance, Mastercard already enables users to spend their stablecoins as easily as funds from their bank account. With its card issuance and acceptance solutions at over 150 million points of sale, the company is transforming stablecoins into everyday means of payment. With Mastercard Move, stablecoin holders can also transfer their funds to their bank accounts with ease.
OKX, Nuvei, and Circle: Key partners driving adoption
To amplify this momentum, Mastercard launches the OKX Card, a new card designed to bring the crypto world closer to users’ daily lives. In parallel, the alliance with Nuvei and Circle allows merchants to receive their payments directly in stablecoins, including USDC, regardless of the initial payment method chosen by their customers. Paxos also joins the initiative by making its own stablecoins available in this new settlement chain.
Cross-border remittances and real-time payments
The promise extends beyond local payments. Mastercard aims to revolutionize cross-border transfers by leveraging its Crypto Credential network, which simplifies the sending and receiving of stablecoins through verified and secure identifiers. Already adopted by platforms such as Wirex or Mercado Bitcoin, this system finally brings transparency and security to historically complex operations.
In parallel, the Mastercard Multi-Token Network (MTN) opens up new horizons for instant payments and asset tokenization. Major institutions such as JPMorgan Chase and Standard Chartered are already connected to this network, which aims to modernize global financial flows in real-time.
Towards widespread adoption of stablecoins
“To fully unlock the potential of stablecoins, we need to simplify their use for consumers and merchants,” says Jorn Lambert, Chief Product Officer of Mastercard. True to its vision, the company is taking multiple initiatives to integrate digital currencies into the real economy and offer users unprecedented freedom of choice.
With this strategic shift, Mastercard is setting a new standard: making stablecoins no longer just an investment tool for insiders, but a true universal payment instrument.
