Despite being a decade old, the crypto market remains fundamentally young and continues to strive for growth and global adoption. With giants like PayPal already adopting it, Mastercard is continuing to make moves toward adopting cryptocurrency by integrating the stablecoins into the global payments network.
Today, we announced our end-to-end capabilities to support stablecoins, ensuring payments can be made or received using them – anytime, anywhere. Alongside proven leaders across Web3, finance and fintech, we’re empowering consumers and businesses to use stablecoins as easily as… pic.twitter.com/6uSpMlNK9z
— Mastercard News (@MastercardNews) April 28, 2025
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Mastercard Working With Circle and OKX to Make Stablecoins Crypto Accessible
As Congress considers stablecoin legislation, big giants like PayPal have already issued their stablecoin, PYUSD, in 2023. On the other hand, recently Mastercard announced it will provide a “360-degree approach where consumers can spend stablecoins and merchants can receive them.”
This approach included partnerships with crypto wallets like MetaMask, Kraken, Gemini, Bybit, Crypto.com, Binance, Monavate, and Bleap to allow consumers to buy stablecoins easily with their credit/debit cards, as well as withdraw them into their bank accounts easily.
They also collaborated with OKX to launch the OKX card, which enables millions of people to easily spend their crypto coins. Mastercard noted that OKX’s leadership in crypto trading and its growing Web3 ecosystem contribute to bringing more people on-chain. Furthermore, they collaborated with payment processors like Circle and Nuevi to offer merchants the option to receive their payments in stablecoins, including Circle’s USDC.
Mastercard Chief Product Officer Jorn Lambert stated on Monday, ‘We believe in the potential of stablecoins to streamline payments and commerce across the value chain.’ This statement highlights the vision and goals for making cryptocurrency more accessible to mainstream users. All these updates make the future of cryptocurrency going mainstream extremely promising, particularly in light of Trump’s recent crypto-friendly policies.
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Best Wallet Helps You Store and Buy Stablecoins
With all the current collaborations Mastercard has done with wallets like MetaMask, Best Wallet stands out as a new wallet that offers the multi-features of other wallets but with the ability to invest in its presale early. It is a non-custodial, multichain wallet available as an iOS and Android app with hundreds of thousands of downloads. It is often listed as one of the top decentralized exchange (DEX) wallets, which supports over 60 chains.
Beyond basic wallet functions like sending and receiving, it supports cross-chain swaps with the lowest fees possible, as it pulls swap rates from more than 200 exchanges and offers you the best rate. Users can effortlessly spend, trade, and manage their cryptocurrency with features like Upcoming Tokens and the Manage Portfolio view. With the ability to buy into featured presale projects, Best Wallet can serve as an ideal solution for degens and presale buyers. Soon, Best Wallet will offer the Best Card, which will allow users to use their crypto funds effortlessly.
At just $0.0249 per $BEST, it has raised over $11.8 million so far. The price remains valid for only a few more hours and comes with 126% APY rewards for stakers. Investors are drawn to a product that combines ease of use with advanced features. With BASE integration on the horizon, this interest is set to grow even further. No KYC, a multi-chain wallet designed for both trading and investing, Best Wallet is becoming a top choice.
Download Best Wallet today on Google Play or the Apple App Store.
Stay connected with the Best Wallet community on X, Telegram, and Discord.
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Key Takeaways
- Mastercard trying to adopt cryptocurrency and stablecoins
- Mastercard collaborating with Web3 giants
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