Mastercard Launches Global Stablecoin Payment System, Partners with OKX for Crypto Card
April 30th, 2025
Mastercard has unveiled a new global stablecoin payment system, announced on April 28, 2025, designed to integrate wallet enablement, card issuance, merchant settlement, and on-chain remittances.
The initiative aims to make stablecoin transactions as seamless as traditional payments. In collaboration with crypto exchange OKX, Mastercard will launch the "OKX Card," bridging crypto trading and Web3 activities with everyday spending across its vast merchant network. Additionally, partnerships with Circle, Nuvei, and Paxos will enable merchants to settle transactions directly in stablecoins like USDC and USDP.