#MastercardStablecoinCards Mastercard and MoonPay join forces for mass payments in stablecoins

Mastercard and MoonPay will collaborate to enable individuals and businesses to pay and receive payments using stablecoins in global markets. Businesses and fintech companies will be able to use Mastercard cards linked to users' stablecoin balances, allowing cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations worldwide that accept Mastercard.

The partnership will leverage the API-driven stablecoin infrastructure from Iron, acquired by MoonPay in March, to streamline stablecoin-based payments for businesses and convert crypto wallets into new digital bank accounts for seamless global transactions. This will open up opportunities for businesses, neobanks, and other payment participants to easily and efficiently manage payouts and expenses, enhancing cross-border money transfers. It also allows businesses to offer stablecoin-based payouts to gig workers, contractors, and creators.