Mastercard has unveiled its end-to-end stablecoin capabilities, aiming to make transactions as seamless as traditional payments. The company will launch the “OKX Card” in partnership with crypto exchange OKX, linking crypto trading and Web3 spending to its merchant network.
The new global system supports wallet enablement, card issuance, merchant settlement, and on-chain remittances across various stablecoins like USDC, USDP, and others. Mastercard’s initiative covers the full range of stablecoin use cases, from simplifying payments to facilitating real-time settlements.
This move marks a significant expansion of Mastercard’s support for stablecoin payments, working with Circle, Nuvei, and Paxos to enable direct merchant settlement. The company is also moving deeper into the digital asset economy by launching new global capabilities to support stablecoin transactions across its vast merchant network.
“We believe in the potential of stablecoins to streamline payments and commerce across the value chain,” said Jorn Lambert, chief product officer at Mastercard. “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.”
The launch of the “OKX Card” is expected to link crypto trading and Web3 activities with everyday spending, while merchants will soon be able to settle transactions directly in stablecoins. This move follows Mastercard’s previous partnerships with crypto exchanges like Kraken, Binance, and Crypto.com to allow users to pay with stablecoins via traditional cards.
Mastercard’s initiative covers the full range of stablecoin use cases, from wallet enablement and card issuance to merchant settlement and on-chain remittances. The company has also introduced the Multi-Token Network (MTN) to facilitate real-time settlements and redemptions of tokenized assets.
Source: https://www.coindesk.com/business/2025/04/28/mastercard-unveils-end-to-end-stablecoin-capabilities-will-launch-card-with-okx