Overview

• Mastercard has unveiled an end-to-end system allowing stablecoin payments, including spending and direct merchant settlement.
• Through a partnership with OKX, the 'OKX Card' will enable users to spend stablecoins like USDC for everyday purchases.
• Merchants can settle transactions directly in Circle’s USDC via collaborations with Nuvei and Circle, with Paxos extending support to USDP.
• The initiative covers a comprehensive range of use cases, from wallet enablement and card issuance to on-chain remittances.
• This marks Mastercard’s latest move to integrate blockchain technology into mainstream commerce, targeting 150 million merchant locations.