Mastercard has partnered with Binance to enable stablecoin payments via traditional cards. This collaboration allows users to spend stablecoins at over 150 million merchant locations worldwide that accept Mastercard. Here’s what you need to know¹ ²:
* Partnership details: Mastercard's partnership with Binance enables users to earn rewards and spend stablecoins in their crypto wallets using traditional cards.
* Supported stablecoins: The partnership supports stablecoins such as USDC, issued by Circle, and other stablecoins issued by Paxos.
* Payment capabilities: Mastercard's solution includes wallet enablement, card issuance, merchant settlement, and cross-chain transfers, providing a seamless payment ecosystem.
* Launch of OKX Card: Similarly, Mastercard has partnered with OKX to launch the OKX Card, allowing users to spend stablecoins with merchants worldwide.
* Multi-Token Network (MTN): Mastercard's MTN facilitates real-time settlements and redemptions of tokenized assets, with partners like JPMorgan Chase and Standard Chartered already connected.
