Leading credit card company Mastercard is officially adding stablecoin settlement support, giving users the ability to pay with stablecoins. In an era where more institutions are looking towards digital assets and cryptocurrency as a payment alternative, Mastercard merchants will now have the option to receive payments in stablecoins.

Mastercard is partnering with firms, including payments processor Nuvei and stablecoin issuers Circle and Paxos, to enable stablecoin payments. “With increasing global regulatory clarity, stablecoins are evolving from crypto trading tools to essential solutions that bring efficiency and programmability to payments, disbursements, and remittances,” the company’s latest press release says.

Also Read: Nvidia (NVDA) Is Top Stock in This $68B Market Amid 120% Upside

Mastercard also announced that it is working with crypto exchange OKX to launch a new card. The company already has partnerships like this with several crypto institutions, including MetaMask. A timetable for the addition being seen for customers remains unknown.

  • Mastercard
  • Stablecoins