OKX Partners with Mastercard to Enable Stablecoin Payments at Point-of-Sale

Mastercard is expanding its cryptocurrency services by collaborating with Nuvei and OKX to facilitate stablecoin transactions at point-of-sale systems. This strategic move aims to integrate digital assets into mainstream payment ecosystems, offering OKX users a new card product to spend stablecoins directly with merchants.

Mastercard Expands Crypto Services with Stablecoin Payment Offering

Mastercard is deepening its involvement in the cryptocurrency sector through partnerships with Nuvei and OKX, enabling stablecoin transactions at point-of-sale systems. The initiative marks a strategic push to integrate digital assets into mainstream payment ecosystems.

The collaboration will introduce a new card product, allowing OKX users to spend stablecoins directly with merchants. Stablecoins—often dubbed the backbone of crypto markets—are gaining traction as bridges between traditional finance and blockchain networks.

This move follows Mastercard’s broader pattern of crypto-friendly innovations, including previous card programs with exchanges. The payments giant appears to be betting on stablecoins’ potential to streamline cross-border settlements and reduce volatility exposure for merchants.

Mastercard Partners with OKX to Enable Stablecoin Payments Across Global Network

Mastercard is expanding its digital asset capabilities through a strategic partnership with crypto exchange OKX. The collaboration introduces the OKX Card, bridging cryptocurrency trading with everyday consumer spending via Mastercard’s payment infrastructure.

The initiative enables seamless stablecoin transactions across wallet services, Web 3 applications, and traditional merchants. USDC and USDP will be among the first stablecoins accepted for direct settlement with merchants, signaling growing institutional adoption of dollar-pegged digital assets.

This move represents Mastercard’s latest effort to position itself at the intersection of traditional finance and cryptocurrency markets. By offering instant settlement of stablecoin payments, the payments giant aims to capture growing demand for crypto-native payment solutions among both consumers and businesses.