Mastercard Expands Stablecoin Payments Worldwide with New Partnerships
"Mastercard partners with OKX, Nuvei, and Circle to drive global stablecoin adoption, enabling crypto card payments, USDC merchant settlements, and cross-border remittances within traditional financial networks.
Mastercard has unveiled a major global initiative to boost stablecoin adoption, teaming up with OKX and Nuvei to push digital currency payments further into mainstream finance. This effort aims to seamlessly integrate stablecoins into traditional financial networks, offering consumers and businesses a faster, more efficient way to pay and get paid.
The company’s ambitious plan covers everything from enabling digital wallets to issuing crypto-linked cards, merchant settlement solutions, and cross-border on-chain remittances. Mastercard’s strategy is designed to simplify the use of stablecoins for everyday purchases and international transfers, all while staying aligned with evolving global regulations for digital assets.
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
Strengthening Stablecoin Adoption Through Key Partnerships
Mastercard is joining forces with crypto exchange giant OKX to launch the OKX Card, giving users the power to spend their stablecoin holdings easily at over 150 million Mastercard-accepting locations worldwide. This collaboration aims to close the gap between Web3 activity and real-world spending, allowing users to trade and transact fluidly between the two worlds.
At the same time, Mastercard is partnering with payment technology firm Nuvei and Circle, the issuer of USDC, to enable merchants to accept stablecoin payments directly. Soon, businesses will be able to receive payments in USDC, with Paxos also stepping in to support additional stablecoins across multiple currencies and markets.
Expanding Stablecoin Use Across Traditional Financial Systems
Mastercard is making stablecoins even more accessible by integrating with major crypto wallets like MetaMask, Binance, Kraken, Crypto.com, Gemini, Bybit, Monavate, and Bleap. Thanks to these integrations, users can now spend their stablecoins via Mastercard-powered cards or withdraw digital funds straight into their bank accounts using Mastercard Move.
Cross-border remittances are also becoming simpler and safer through Mastercard’s Crypto Credential system. Instead of dealing with complicated wallet addresses, users can now send and receive digital assets using verified usernames. Leading platforms like Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin are already on board, boosting transparency and security across international transactions.
Mastercard’s Multi-Token Network (MTN) further enhances real-time payments and redemptions, with financial heavyweights like JPMorgan Chase and Standard Chartered already connected. Additionally, companies like Ondo Finance are leveraging the MTN to tokenize and settle real-world assets, demonstrating the growing impact of stablecoins on global finance.
Mastercard’s Long-Term Vision for Digital Assets
Mastercard is clear about its mission: to build trust, ensure strong security, and create a user-friendly experience in the world of digital assets. According to Mastercard’s Chief Product Officer, the company’s ultimate goal is to make stablecoin payments as easy and familiar as traditional banking transactions.
By working hand-in-hand with financial institutions, crypto platforms, and regulators, Mastercard is solidifying its role at the heart of the digital economy. Through its expanding stablecoin payment network, Mastercard is setting the stage for a future where digital assets and traditional finance work together effortlessly.
