#MastercardStablecoinCards

Mastercard is taking significant steps to integrate stablecoin into mainstream finance through its innovative stablecoin card program. In collaboration with MoonPay, Mastercard will enable users to spend their stablecoin balances at over 150 million merchant locations worldwide. When transactions occur, stablecoin will be seamlessly converted into fiat currency, ensuring a smooth experience for consumers and merchants.

This initiative leverages stablecoin infrastructure powered by APIs from Iron, a platform acquired by MoonPay, to facilitate these transactions. The partnership aims to transform crypto wallets into functional digital bank accounts, streamlining global transactions and offering efficient solutions for businesses for payments, especially for freelancers and cross-border transfers.

Mastercard's strategy also involves broader efforts in the digital currency space. They are developing the Mastercard Multi-Token Network to enhance the security, scalability, and interoperability of digital asset transactions. Additionally, Mastercard Crypto Credentials aim to simplify crypto transactions by replacing complex blockchain addresses with user-friendly aliases, making digital assets more accessible and secure for everyday use. These initiatives demonstrate Mastercard's commitment to bridging the gap between traditional finance and the rapidly evolving crypto economy.