#MastercardStablecoinCards Mastercard has launched a groundbreaking initiative, #MastercardStablecoinCards, in partnership with MoonPay, enabling users to spend stablecoins like USDC at over 150 million merchants worldwide. Here's how it works:
- *Card Issuing & Spending*: Participating wallets, exchanges, or neobanks can issue virtual Mastercard-branded debit cards linked to stablecoin balances. At the point of sale, the crypto is converted to local fiat behind the scenes.
- *Payout Rails*: Businesses can use the same cards to push stablecoin payouts, such as creator earnings or gig-worker salaries, improving cross-border speed and cutting traditional remittance fees.
*Key Features:*
- *Seamless Transactions*: Fast, secure, and low-cost transactions
- *Global Reach*: Accepted at millions of merchants worldwide
- *Stability*: Pegged to fiat currencies, reducing volatility risks
- *Real-World Utility*: Bridges the gap between decentralized finance (DeFi) and everyday financial use
*What's Next:*
- *Physical Cards & Rewards*: Embossed cards with loyalty programs paying cash-back in USDC or NFT collectibles
- *Broader Stablecoin Basket*: Support for additional stablecoins like Paxos-issued USDโ and Circle's EURC
- *Merchant Settlement in Crypto*: Option for merchants to keep proceeds in stablecoins, reducing FX costs