Odaily News Mastercard is taking a deeper dive into the digital asset economy, announcing on Monday the launch of new global capabilities to support stablecoin payments across its vast merchant network.
The payment giant is working with cryptocurrency trading platform OKX to launch the OKX Card, which aims to connect crypto transactions and Web3 activities with daily consumption. At the same time, through cooperation with Nuvei and Circle, merchants will soon be able to directly use stablecoins including USDC issued by Circle to complete transaction settlement. Paxos will also assist in expanding this function to other supported stablecoins, such as USDP. (CoinDesk)