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Mastercard Integrates Stablecoins: A New Wave in Digital Payments

Mastercard is decisively expanding its influence in the field of digital finance by launching a large-scale platform for working with stablecoins. This step will allow millions of users and merchants around the world to directly interact with digital currencies, including USDC and USDP, bypassing the need to convert into traditional money. The company aims to simplify the process of using digital assets, making it as familiar and convenient as possible for users.

As part of this strategic maneuver, Mastercard announced a partnership with the OKX cryptocurrency exchange, which will result in the release of the OKX Card debit card. This card will allow users to spend their crypto assets in everyday transactions, similar to using traditional bank cards.

Mastercard is actively developing technologies for working with tokenized assets, as evidenced by the launch of the Multi-Token Network (MTN) in 2023. Partnerships with companies such as Circle, Nuvei, Paxos and OKX reflect Mastercard's desire to take a key position in the emerging crypto economy, focusing on stablecoins, asset tokenization and user security.