Mastercard Enables Real-Time Stablecoin Transactions Worldwide

Mastercard announced new partnerships on Monday that enable global usage of stablecoins for everyday payments. In collaboration with OKX, Nuvei, Circle, and other companies, Mastercard is expanding its ability to support stablecoins like USDC for purchases at over 150 million merchants worldwide.

The partnership with OKX includes the launch of a dedicated OKX Card, providing users with direct access to funds held in stablecoins. Mastercard is also working with Circle to enable smooth USDC transactions and with Paxos to support stablecoins issued by the company.

The Mastercard Crypto Credential platform introduces the ability to send and receive digital assets using verified usernames, addressing the need for transparency and security. Companies such as Wirex, Bit2Me, and Mercado Bitcoin are already integrated into this system.

In addition, Mastercard is expanding its Multi-Token Network (MTN), which enables real-time payments across multiple markets and currencies. MTN partners include Ondo Finance, JPMorgan Chase, and Standard Chartered.

This initiative marks another step in Mastercard’s strategy to integrate blockchain technology into everyday payment solutions.