Mastercard Expands Stablecoin Payment Support Globally

2 mins mins

Key Points:

Mastercard partners with OKX, Nuvei, and Circle for stablecoin integration.
OKX Card links cryptocurrency transactions to daily commerce.
USDC remains a stable link with traditional payment systems.

ChainCatcher reports that Mastercard is launching new global features to support stablecoin payments, involving partnerships with OKX, Nuvei, and Circle.

The initiative positions Mastercard at the forefront of digital asset transactions, aligning with market trends towards crypto integration in daily commerce.

Mastercard Teams Up with OKX for Global USDC Integration

Mastercard has announced the launch of new features to facilitate stablecoin payments within its extensive network. The company is teaming up with the cryptocurrency exchange platform OKX to introduce the “OKX Card.” The card aims to link cryptocurrency transactions and Web3 activities to everyday spending.

Merchants will soon be able to complete transactions directly using stablecoins like USDC, issued by Circle. This integration is part of Mastercard’s effort to deepen its involvement in the crypto economy and enhance user flexibility for stablecoin use.

We will officially launch our MultiPass verification node testnet in late April 2025, marking a significant advancement in our ecosystem development. — Multiple Network, Official Announcement

Stablecoins Shaping the Financial Landscape

Did you know? Incorporating stablecoins like USDC into traditional payment systems helps minimize volatility, providing a stable bridge between digital currencies and traditional finance.

USDC remains stable at $1.00 with a market cap of 62.02 billion, maintaining a market dominance of 2.10 percent. The stablecoin’s 24-hour trading volume stands at 10.22 billion, reflecting a 60.48 percent change, according to CoinMarketCap data.

usdc-daily-chart-45 — USDC(USDC), daily chart, screenshot on CoinMarketCap at 18:48 UTC on April 28, 2025. *Source: CoinMarketCap*

The Coincu research team believes these partnerships could encourage broader financial adoption of cryptocurrencies, reducing friction between digital and fiat currencies. This strategy may spur further regulatory clarity and technological advancements within the financial sector.