Mastercard is significantly expanding its stablecoin card programs, enabling users to spend digital assets at its vast global network of over 150 million merchants. A recent key development in May 2025 is the partnership with MoonPay, allowing for Mastercard-branded cards linked to users' stablecoin balances, which are converted to fiat currency at the point of sale. This collaboration leverages MoonPay's API-driven infrastructure from its acquisition, Iron.
Mastercard's strategy encompasses wallet enablement, card issuance, and merchant settlement in stablecoins like USDC and USDT. The company is working with numerous crypto platforms, including OKX, Binance, MetaMask, and Circle, to integrate stablecoins into everyday commerce, aiming to bridge traditional finance with the growing digital asset ecosystem.
