Mastercard has launched a new payment card in collaboration with the MoonPay app, allowing users to convert stablecoins like USDC into local currencies, enabling them to make daily purchases using their digital balances.

This step is part of Mastercard's initiative to expand the use of digital currencies, having previously collaborated with platforms such as Binance, MetaMask, Kraken, and OKX to issue payment cards linked to digital wallets.

The company has also developed verification tools and a digital identity based on blockchain technology, aimed at facilitating cross-border financial transfers and increasing security.

In 2024, Mastercard announced the encryption of 30% of its transactions, reflecting its commitment to updating the infrastructure of digital payments and enhancing privacy.

These initiatives come amid a growing adoption of digital assets by major financial institutions, as they seek to integrate them into the traditional financial system.