Summary
- Mastercard announced the launch of a global stablecoin payment system to promote the expanded real-world use of virtual assets.
- Mastercard revealed that it is launching the 'OKX Card' in partnership with OKX, supporting card issuance, merchant settlement, and on-chain remittance.
- It was reported that Mastercard is supporting merchant payments with stablecoins such as USDC and USDP through collaboration with Circle, Nuvei, and Paxos.
Mastercard has launched a global stablecoin payment system aimed at expanding the real-world use of virtual assets (cryptocurrencies).
According to CoinDesk on the 29th (local time), Mastercard's stablecoin payment system encompasses wallet integration, card issuance, merchant settlement, and on-chain remittance, and in partnership with the virtual asset exchange OKX, it is also launching the 'OKX Card'.
Mastercard is also collaborating with Circle, Nuvei, and Paxos to support merchant payments with stablecoins such as USDC and USDP. Through this, they aim to accelerate the transition of stablecoins into a global payment method and to expand blockchain-based financial infrastructure.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
