Mastercard to Allow Merchants to Accept Stablecoin Payments

Mastercard is expanding its payment options to include stablecoins, enabling consumers to use these digital assets for transactions.

Announced on April 28, 2025, this initiative allows users to earn rewards and make payments using stablecoins stored in their crypto wallets via Mastercard cards.

With access to over 150 million merchants worldwide, users can also withdraw stablecoins to their bank accounts through the Mastercard Move feature.

To facilitate these transactions, Mastercard is collaborating with issuers like Circle and Paxos, alongside cryptocurrency exchange OKX, to launch a payment card.

This expansion coincides with ongoing Congressional discussions on stablecoin legislation, potentially accelerating adoption.