Mastercard’s April 28, 2025, announcement introduces a global payment system supporting stablecoins like USDC, enabling over 150 million merchants to accept them through partnerships with firms like OKX, Nuvei, Circle, and Paxos, bridging traditional finance and decentralized finance.
The initiative includes the OKX Card, allowing users to spend stablecoins directly, and features like Mastercard’s Crypto Credential for secure cross-border remittances, addressing stablecoin adoption challenges amid increasing regulatory clarity, as noted in the web results.
Stablecoins, often pegged to fiat like the U.S. dollar, face risks of volatility and de-pegging, with historical failures like Terra’s UST in 2022 losing $40 billion, highlighting the importance of Mastercard’s focus on secure, regulated integration
