Mastercard and MoonPay have announced a strategic partnership aimed at integrating stablecoins into everyday payments. According to recent data, cryptocurrency wallet users will be able to issue virtual Mastercard cards linked to their stablecoin balances and use them for purchases at over 150 million retail locations worldwide.
Key Points:
- Conversion to Fiat: When paying, stablecoins are automatically converted to traditional currency, ensuring seamless integration with existing financial systems.
- Infrastructure: The payment system will utilize Iron's API solutions acquired by MoonPay in March 2025, allowing businesses and users to easily manage payments and transfers.
- Global Reach: It is expected that around 20 million cryptocurrency wallets are already making monthly transactions with stablecoins, while 120 million hold them in their balances.
- Regulatory Aspects: Recent clarifications from American lawmakers have confirmed that some fiat-backed stablecoins are not considered securities, but uncertainty in regulation still remains.
This partnership could significantly accelerate the mass adoption of stablecoins in the traditional financial system, especially in the area of cross-border payments and payouts for freelancers and content creators. It will be interesting to see how this impacts the cryptocurrency market in the coming months!