#MastercardStablecoinCards Mastercard has launched a suite of stablecoin-powered payment capabilities, enabling users to make and receive stablecoin payments anywhere Mastercard is accepted. This initiative includes partnerships with various crypto platforms and financial institutions.
*Key Features:*
- *Wallet Enablement*: Users can access their crypto wallets and spend stablecoins via traditional cards at over 150 million merchant locations worldwide.
- *Card Issuing and Acceptance*: Mastercard is partnering with OKX to launch the OKX Card, providing easy access to funds for millions of users.
- *Merchant Settlement*: Merchants can receive payments in stablecoins like Circle's USDC, regardless of the consumer's payment method.
- *On-Chain Remittances*: Mastercard Crypto Credential enables trusted transactions with simple usernames, making remittances and cross-border disbursements faster and more secure ¹.
*Partnerships:*
- *Crypto Platforms*: MetaMask, Kraken, Gemini, Bybit, (link unavailable), Binance, and others are integrating Mastercard's stablecoin capabilities.
- *Payment Processors*: Nuvei and Circle are partnering with Mastercard to enable stablecoin payments and settlements.
- *MoonPay*: Mastercard has partnered with MoonPay to launch stablecoin payment cards, enabling transactions at approximately 150 million merchants globally ² ¹ ³.
*Benefits:*
- *Seamless Integration*: Stablecoin transactions are automatically converted into fiat currency, ensuring a smooth experience for users and merchants.
- *Increased Efficiency*: Stablecoins offer a fast and cost-effective way to make payments and remittances.
- *Growing Adoption*: Mastercard's initiative reflects the growing trend of mainstream adoption of crypto-financial tools ².
