Do Son 
Previously, MasterCard had collaborated with several downstream institutions to launch settlement cards supporting USDT deposits and spending. However, recognizing the lucrative potential of this market, the company has now opted to take a more direct role in managing the business itself.
MasterCard recently announced a significant advancement in the realm of digital payments, unveiling a global end-to-end capability designed to enable seamless stablecoin transactions—from digital wallets to merchant checkouts. In pursuit of this vision, MasterCard has partnered with cryptocurrency exchanges such as OKX to introduce a dedicated MasterCard settlement card.
With this settlement card, cryptocurrency users can easily activate the card and use its number, cardholder name, expiration date, and CVV2 code to make purchases across a wide range of merchants. Notably, the supported stablecoin is not USDT but USDC, which offers greater regulatory compliance.
The usage process is straightforward: users deposit USDC into their cryptocurrency wallet linked to the settlement card. During transactions, the purchase amount is converted in real-time into USDC and deducted accordingly—eliminating the need to first convert stablecoins into fiat currency.
According to MasterCard, the aim is to make using stablecoins as seamless as using funds from a traditional bank account. The company offers an integrated, 360-degree solution, and the new settlement card also allows users to earn rewards at participating merchants.
Beyond consumer applications, MasterCard has also introduced on-chain remittances and real-time settlement capabilities. Enterprises can enhance user verification and transaction transparency by leveraging MasterCard’s crypto credential solutions. Supported partners include WireX, Bit2Me, Lirium, Notabene, and others.
