On May 15, 2025, Mastercard announced a significant partnership with MoonPay to support the widespread adoption of stablecoin payments. This collaboration will enable businesses and fintech companies to issue Mastercard-branded cards linked to user balances in stablecoins.

Here is a summary of the key aspects:

Spending with Stablecoin at 150 million locations: Cardholders will be able to spend their stablecoins at over 150 million merchants worldwide where Mastercard is accepted. Stablecoins will be automatically converted to fiat currency at the point of sale, ensuring a seamless transaction for both the user and the merchant.

Leveraging MoonPay's infrastructure: The partnership utilizes the API-based infrastructure for stablecoins from Iron, a company acquired by MoonPay in March 2025. This technology facilitates stablecoin-powered payments.

Transforming crypto wallets: The initiative aims to transform crypto wallets into more versatile digital bank accounts, enabling seamless global transactions.

Efficient payments and distributions: Businesses, neobanks, and other payment participants can use this technology to manage payments and distributions more efficiently, especially for cross-border money transfers.