#MastercardStablecoinCards
Mastercard has partnered with Binance to enable stablecoin payments through traditional cards. This collaboration allows users to spend stablecoins at over 150 million merchant locations around the world that accept Mastercard. Here’s what you need to know¹ ²:
* Partnership details: The partnership between Mastercard and Binance enables users to earn rewards, pay, and spend stablecoins in their crypto wallets using traditional cards.
* Support for stablecoins: The partnership supports stablecoins like USDC, issued by Circle, and other stablecoins issued by Paxos.
* Payment capabilities: The Mastercard solution includes wallet enablement, card issuance, merchant settlement, and cross-chain transfers, providing a seamless payment ecosystem.
* Launch of the 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 for tokenized assets, with partners like JPMorgan Chase and Standard Chartered already connected.
