$ETH #MastercardStablecoinCards Mastercard has launched a new program called #MastercardStablecoinCards, enabling users to spend stablecoins like USDC at over 150 million merchants worldwide. This initiative, in partnership with MoonPay, allows wallets to issue virtual or physical Mastercard-branded debit cards that draw directly from the user's stablecoin balance.

*Key Features:*

- *Card Issuing and Spending*: Participating wallets, exchanges, or neobanks can issue Mastercard cards that spend stablecoins, converted to local fiat at the point of sale.

- *Payout Rails*: Businesses can use the cards to push stablecoin payouts, such as creator earnings or gig-worker salaries, improving cross-border speed and reducing remittance fees.

- *Scale*: MoonPay's connections to over 500 crypto platforms provide potential reach to 100 million active crypto users and 120 million wallets holding stablecoins.

*Partnerships and Capabilities:*

- Mastercard has partnered with OKX to launch the OKX Card, providing millions with easy access to their funds.

- The company has also teamed up with Nuvei and Circle to give merchants the option to receive payments in stablecoins like USDC.

- Mastercard's Crypto Credential ensures secure, compliant blockchain transactions, while Mastercard Move enables seamless conversion between stablecoins and bank accounts.¹ ²

*Impact and Future Developments:*

- The program aims to mainstream digital dollars and bring stablecoins into everyday commerce.

- Physical cards with loyalty programs and rewards in USDC or NFT collectibles may be introduced by year-end.

- Broader stablecoin support, including Paxos-issued USDₚ and Circle's EURC, is planned once regulatory approvals are secured.