Mastercard Launches Global Stablecoin Payments System

Mastercard has unveiled a new stablecoin payment system, aiming to simplify international transactions involving these digital assets. The system went live on April 28, 2025, and leverages partnerships with major cryptocurrency firms like OKX, Circle, Nuvei, and Paxos. This move brings the convenience of stablecoin payments into everyday commerce. Merchants now receive payments directly in stablecoins without the need for currency conversions, making transactions more efficient and cost-effective. This could significantly change how businesses handle payments.