#MastercardStablecoinCards The payment system Mastercard and its Web3 protocol Immersve will allow users to make cryptocurrency payments in physical and digital worlds, including decentralized services and metaverses, reports Cointelegraph. Settlements will occur in stablecoins USD Coin (USDC), which will be converted into fiat currency for transactions within the Mastercard system.

Transfers can be made not only in the Web3 space but also in real-world trading services that accept Mastercard-issued cards for online payments. Users will be able to access the service using their crypto wallets. Real-time payments will be processed after transaction confirmation with private keys.

Payments will be made without the involvement of third parties. Mastercard and Immersve will utilize decentralized protocols for settlements, according to the announcement.

Additionally, DeFi projects and crypto wallets will be able to integrate with Immersve's APIs and smart contracts for transactions wherever Mastercard is accepted.