MoonPay has announced a partnership with Mastercard to bring stablecoin payments to over 150 million merchants worldwide through virtual crypto cards.
This integration allows users of any crypto wallet to issue a virtual Mastercard linked directly to their stablecoin balances, making it easy to spend digital assets at merchants that accept Mastercard payments.
The move aligns with Mastercard’s recent initiatives to deepen its involvement in the cryptocurrency sector. In April, Mastercard introduced end-to-end stablecoin capabilities and partnered with exchange OKX to launch a co-branded debit card.
Similarly, crypto exchange Kraken recently teamed up with Mastercard to enable users in Europe and the UK to spend their cryptocurrencies at millions of Mastercard merchants.
Mastercard has also expanded its network to support tokenized real-world assets, partnering with Ondo Finance to facilitate transactions using tokenized U.S. Treasury bills.
By combining MoonPay’s crypto payment solutions with Mastercard’s global network, this partnership aims to accelerate the adoption of stablecoins for everyday payments.
