Mastercard Unveils Full-Scale Stablecoin Payments Network Globally

output:input: Mastercard is turbocharging the future of payments with a sweeping launch of global stablecoin capabilities, revolutionizing digital wallets, merchant checkouts, and cross-border transactions.

Mastercard is turbocharging the future of payments with a sweeping launch of global stablecoin capabilities, revolutionizing digital wallets, merchant checkouts, and cross-border transactions.

The company announced on April 28 a major step forward in digital payments by unveiling global, end-to-end capabilities aimed at enabling stablecoin transactions from digital wallets to merchant checkovers. The company also announced collaborations with OKX and Nuvei as part of a broader strategy to create a seamless stablecoin ecosystem for consumers and businesses.

Seeking to integrate stablecoins into the mainstream financial system, Mastercard partnered with platforms like Metamask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate, and Bleap. These partnerships enable users to earn rewards, pay, and spend stablecoins via traditional cards at over 150 million Mastercard-accepting merchant locations globally.

Additionally, the firm introduced the OKX Card through its collaboration with OKX, and expanded stablecoin settlement options with Nuvei and Circle, giving merchants the choice to accept USDC.

Mastercard is advancing the future of payments, finance and technology with new, global end-to-end stablecoin acceptance and payments capabilities.

Mastercard affirmed that it will continue to work closely with partners to pioneer the next wave of secure, efficient, and innovative digital payment experiences.