These cards allow you to spend from your stablecoin balance anywhere that accepts Mastercard around the world (over 150 million locations). The main idea is that your stablecoins are automatically converted to fiat currency (such as dollars or euros) at the time of the transaction, with no effort on your part. This means that the merchant receives the amount in the fiat currency they prefer, while you use your stablecoins.
Key Partnerships:
Mastercard recently announced significant partnerships to support this initiative, most notably with MoonPay. MoonPay is a company specializing in cryptocurrency payment solutions, and it recently acquired Iron, a platform for stablecoin payment infrastructure. This partnership enables MoonPay and its partners to issue Mastercard cards that are directly linked to users' stablecoin balances.
Main Benefits of Mastercard's Stablecoin Cards:
* Global Access: Enables users to spend using their stablecoins across Mastercard's extensive network.
