Mastercard has introduced new global capabilities to enable stablecoin transactions from wallets to checkouts, expanding its role in digital asset payments.
The company’s latest partnerships with OKX and Nuvei are part of a broader effort to create a seamless system where consumers can spend stablecoins and merchants can receive them.
The move comes as stablecoins gain wider acceptance beyond crypto trading, with regulators providing greater clarity on their use.
The payment giant’s approach covers wallet enablement, card issuance, acceptance, and settlement options to support the everyday use of stablecoins alongside traditional money.
Mastercard has teamed up with crypto platforms including MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate, and Bleap, allowing consumers to spend stablecoins through traditional cards at over 150 million merchant locations worldwide.
Mastercard Move also enables users to withdraw stablecoins into their bank accounts.
In partnership with OKX, Mastercard is launching the OKX Card to give users more convenient access to digital funds and engage more people in blockchain applications.
For merchants, Mastercard is working with Nuvei and Circle to offer the option of receiving payments in Circle’s USDC stablecoins, regardless of how consumers choose to pay.
To address challenges in cross-border remittances, Mastercard is expanding its Crypto Credential service, which simplifies sending and receiving digital assets with verified usernames.
Exchanges and platforms such as Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin have adopted the system.
Mastercard is also developing ways for stablecoins to streamline settlements across currencies through its Multi-Token Network (MTN), which supports real-time payments and redemptions.
Partners like JPMorgan Chase, Standard Chartered, and Ondo Finance are connected to the platform to explore new digital asset use cases.
“When it comes to blockchain and digital assets, the benefits for mainstream use cases are clear. To realize its potential, we need to make it as easy for merchants to receive stablecoin payments and for consumers to use them.
We believe in the potential of stablecoins to streamline payments and commerce across the value chain. Unlocking this is core to how we navigate the rapidly changing world, giving people and businesses the freedom they want by providing the choices they deserve.”
said Jorn Lambert, Chief Product Officer at Mastercard.
