TLDR
- Mastercard is expanding stablecoin payments through new partnerships with OKX, Nuvei, and Circle.
- OKX and Mastercard will launch a card to let users spend stablecoins at 150M+ locations.
- Mastercard will support wallet integration, crypto-linked cards, and stablecoin settlements.
- The company’s Crypto Credential and MTN make stablecoin payments and remittances easier.
- Mastercard aims to make stablecoin transactions as simple and secure as traditional banking.
Mastercard has announced a global initiative to expand stablecoin payments through new partnerships with OKX and Nuvei. The initiative aims to integrate stablecoins into traditional financial networks, offering consumers and merchants an efficient and seamless way to transact using digital currencies.
Today, we announced our end-to-end capabilities to support stablecoins, ensuring payments can be made or received using them – anytime, anywhere. Alongside proven leaders across Web3, finance and fintech, we’re empowering consumers and businesses to use stablecoins as easily as… pic.twitter.com/6uSpMlNK9z
— Mastercard News (@MastercardNews) April 28, 2025
The company revealed a comprehensive plan to support wallet enablement, card issuing, merchant settlement, and on-chain remittances. This approach is intended to simplify stablecoin usage for everyday payments, cross-border transfers, and settlements, aligning with evolving global regulatory standards for digital assets.
New Partnerships to Strengthen Stablecoin Adoption
Mastercard is collaborating with OKX to introduce the OKX Card, enabling users to access their funds through traditional payment methods while maintaining engagement with the Web3 economy. This partnership aims to bridge the gap between crypto trading and real-world spending, allowing stablecoin holders to spend at over 150 million Mastercard-accepting locations globally.
In parallel, Mastercard is working with Nuvei and Circle to facilitate stablecoin merchant settlements. Merchants will soon be able to receive payments directly in stablecoins such as Circle’s USDC. Paxos will also contribute to this initiative by supporting additional stablecoins and expanding acceptance capabilities across different currencies and regions.
Enhancing Stablecoin Utility Across Financial Systems
Mastercard is broadening the use of stablecoins by enabling wallet integration, issuing crypto-linked cards, and enhancing settlement systems. Wallets from platforms like MetaMask, Kraken, Binance, Crypto.com, Gemini, Bybit, Monavate, and Bleap are already integrated, allowing users to spend stablecoins through traditional Mastercard cards or withdraw stablecoins into their bank accounts via Mastercard Move.
Mastercard Crypto Credential system simplifies cross-border remittances by enabling users to send and receive digital assets using verified usernames rather than complex wallet addresses. Partners, including Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin, have adopted this solution to enhance transaction security and transparency.
Multi-Token Network (MTN) supports real-time payments and redemptions, with institutions like JPMorgan Chase and Standard Chartered already connected. Partners such as Ondo Finance are utilizing the MTN to tokenize and settle real-world assets, showcasing stablecoins’ potential to improve financial settlement processes globally.
Mastercard’s Vision for Digital Assets
Mastercard emphasized that its strategy for stablecoins focuses on building trust, ensuring security, and delivering an intuitive user experience. According to Mastercard’s chief product officer, the goal is to make stablecoin transactions as straightforward as traditional banking operations.
The company remains committed to advancing stablecoin and blockchain adoption by working closely with financial institutions, crypto platforms, and regulatory bodies. Mastercard is positioning itself at the center of the growing digital asset economy by strengthening its stablecoin payment network.
