🔥Mastercard Stablecoin Card Launch
Mastercard has partnered with MoonPay to introduce a stablecoin card, enabling users to spend stablecoins at over 150 million merchants worldwide. This card automatically converts stablecoins into fiat currency during transactions, making it a seamless way to use digital assets for everyday purchases.
💥Key Features
🔹️Global Acceptance:
The card can be used at over 150 million merchants worldwide, both online and offline.
🔸️Stablecoin Conversion:
The card converts stablecoins into fiat currency in real-time, eliminating the need for manual conversions.
🔹️Supported Stablecoins:
The card supports popular stablecoins like USDC, USDT, and DAI.
💥Partnership Background
Mastercard's partnership with MoonPay leverages MoonPay's Iron infrastructure, specializing in smooth crypto-to-cash conversions. This collaboration is part of Mastercard's broader strategy to support regulated, blockchain-powered payments through its vast network.
💥Benefits
🔹️Convenience:
Users can spend stablecoins like cash, without worrying about complex conversion processes.
🔸️Wide Acceptance:
The card's global acceptance makes it a practical solution for everyday payment.
🔹️Growing Adoption:
This partnership marks a significant milestone in the integration of traditional finance and blockchain technology.
💥How it Works
The card uses MoonPay's Iron infrastructure to convert stablecoins into fiat currency in real-time, ensuring a seamless transaction experience for users. This integration enables users to spend stablecoins like USDC, USDT, and DAI at over 150 million merchants worldwide.
