$ETH BREAKING: Mastercard Stablecoin Cards Gain Traction with MoonPay Expansion

#MastercardStablecoinCards

On May 16, 2025, at 12:34 PM IST, Mastercard’s #MastercardStablecoinCards initiative, launched in partnership with MoonPay, is gaining momentum despite a bearish crypto market, with the global market cap down 1.14% to $3.27 trillion. Announced on May 15, the collaboration enables stablecoin payments at 150 million merchants worldwide, allowing users to spend USDC and USDT directly from their crypto wallets with real-time fiat conversion. Building on this, MoonPay revealed today that its Iron infrastructure—acquired in March—now supports over 120 million wallets, with 20 million monthly active stablecoin transactions, per web data.