💸 Mastercard launches a global stablecoin payments system

💸 Mastercard launches a global stablecoin payments system

Chinese digital asset trading platform OKX 🇨🇳 has launched a crypto Mastercard.

This is part of a global partnership with players like MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, and Canadian payment provider Nuvei 🇨🇦.

💎 The goal is for consumers to pay with stablecoins and for merchants to accept them at over 150 million Mastercard terminals worldwide, within a defined regulatory framework.

💎 The system will operate with Circle's USDC, and also leverage Mastercard's own network: the Mastercard Multi-Token Network (MTN), designed for tokenized asset exchanges and real-time payments.

💎 The rollout is also backed by assets issued by Paxos.

💎 Major institutions already connected to the network include JPMorgan 🇺🇸 and Standard Chartered, which has a strong presence across Asia and Africa.

#news #global #China #crypto

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