Stablecoin payments are witnessing unprecedented growth in 2025, supported by strategic partnerships and regulatory and technological developments that enhance their integration into the global financial system. Here are the key updates:
1. Mastercard leads the global transformation
Mastercard launched an integrated system to enable the use of stablecoins like USDC in daily transactions. This initiative includes:
- OKX Card: Allows users to convert their digital assets to payments anywhere Mastercard is accepted, with the ability to withdraw funds to bank accounts via Mastercard Move.
- Automatic settlement for merchants: Merchants can receive payments in stablecoins regardless of the customer's payment method, facilitating cross-border transactions and reducing costs.
2. Visa expands in Latin America
In partnership with Bridge (owned by Stripe), Visa launched a stablecoin payment service in six countries, including Mexico and Argentina. The service allows users to:
- Using digital or physical Visa cards to instantly convert stablecoins to local currencies at the point of payment.
- Targeting freelancers who receive their salaries in stablecoins, providing them protection from local currency fluctuations.
3. Regulation supports widespread adoption
- The US Congress approved the GENIUS bill to regulate stablecoins, providing a clear framework for issuance and use.
- Regulatory bodies like the Federal Reserve and FDIC have eased restrictions on banks dealing with digital assets, encouraging financial institutions to adopt stablecoin solutions.
4. Financial infrastructure is evolving
Platforms are enhancing the user experience through solutions such as:
- Mastercard Crypto Credential: Simplifies cross-border transfers through trusted usernames instead of complicated addresses.
- Staking: Platforms like PayPal offer returns to stablecoin holders, encouraging their retention and use.
5. Challenges and the future
Despite the progress, challenges remain such as:
- The need to standardize protocols across blockchains to ensure interoperability.
- Risks of hacking and deepfakes that require investments in cybersecurity.
Summary:
Stablecoins bridge traditional and digital finance, supported by the efforts of companies like Mastercard and Visa and supportive legislation. As development continues, these assets may become an integral part of the global economy, especially in emerging markets where the need for flexible financial solutions is critical.
