#MastercardStablecoinCards Mastercard strengthens its position in the cryptocurrency payment sector through strategic partnerships that facilitate the use of stablecoins in everyday transactions. A notable example is the collaboration with the Australian startup Stables, which has launched a virtual card powered by stablecoins in Europe.

What is the Stables card?

The Stables card, developed in partnership with Mastercard, allows users to make contactless payments in physical and online stores using the stablecoin USD Coin (USDC). These transactions are made possible through integration with Apple Pay and Google Pay, being accepted wherever Mastercard is accepted. At the time of payment, stablecoins are automatically converted into the local currency, providing a familiar and efficient payment experience.

Stables holds a Virtual Asset Service Provider (VASP) license, allowing it to operate in the 27 member states of the European Union. This expansion reflects the growing demand for stablecoin-based payment solutions among both regular users and businesses.

Other Mastercard initiatives in the field of stablecoins

Recently, Mastercard announced a partnership with MoonPay to enable payments and collections in stablecoins globally. This collaboration will allow the issuance of Mastercard cards linked to users' stablecoin wallets, facilitating the automatic conversion of stablecoins into fiat currency at point-of-sale. Thus, users will be able to make payments in stablecoins at over 150 million merchants in the Mastercard network.