Mastercard announced a large-scale integration of stablecoins into its global payment network. Now users will be able to pay for purchases with stablecoins and cash out coins through traditional cards at more than 150 million points of sale worldwide, as well as withdraw funds to bank accounts using the Mastercard Move service.
The company is collaborating with the OKX exchange to issue a joint card and is working with stablecoin issuers Circle and Paxos to accept payments in digital dollars.
Meanwhile, news has emerged that MetaMask, together with Mastercard, is launching a card for cryptocurrency payments with self-custodial storage. The offering will provide users with a more secure alternative to centralized exchange solutions.
