#MastercardStablecoinCards

💳 Prominent Initiatives and Partnerships

1. Stables Virtual Card in Collaboration with Mastercard

The Australian company Stables launched the first virtual card for stablecoins in the Asia-Pacific region, in collaboration with Mastercard and Circle. This card allows users to spend their USDC balances anywhere Mastercard cards are accepted, whether in stores or online. This service was expanded to Europe in July 2024, allowing European users to make payments via Apple Pay and Google Pay using their stablecoin balances.

2. Mastercard Partnership with MoonPay

In May 2025, Mastercard announced a partnership with the cryptocurrency payment app MoonPay, enabling users to make payments using stablecoins like USDC, which are automatically converted to local currencies at the time of payment. Through this move, Mastercard aims to enhance the use of stablecoins in remittances and cross-border payments.

3. Nexo Crypto-Backed Card

In April 2022, Nexo partnered with Mastercard to launch the first crypto-backed card, allowing users to spend up to 90% of the value of their digital assets without needing to sell them, with the ability to use it at over 92 million stores worldwide.