#MastercardStablecoinCards

Mastercard is actively expanding its participation in the cryptocurrency space, particularly in the area of stablecoins. In partnership with MoonPay, the company has launched a new payment card that allows users to spend stablecoins like USDC at over 150 million merchant locations worldwide. Thanks to the Iron infrastructure, transactions are automatically converted to fiat currency at the point of sale.

In addition, Mastercard has partnered with OKX to release the OKX Card — a multifunctional card that combines cryptocurrency transactions with everyday spending. Additional partnerships with Circle, Nuvei, and Paxos enable direct acceptance of stablecoin payments on the Mastercard network, including USDC and USDP.

To enhance security, Mastercard is implementing the Crypto Credential system, which aims to streamline identity verification and ensure transaction compliance with regulatory standards.

These steps demonstrate Mastercard's strategic commitment to integrating digital assets into the traditional financial system, opening up new opportunities for the global use of stablecoins in everyday payments.