While you haven't had the chance to get accustomed to the logic of the next bull market in Web3, traditional financial giants have quietly laid out their 'everyday payment power' on-chain.

In May 2025, Mastercard and MoonPay jointly launched a major collaboration:

The Global Stablecoin Payment Card.

This card allows you to spend stablecoins like USDC directly at over 150 million merchants worldwide that accept Mastercard—without the cumbersome withdrawal process or currency exchange; your on-chain assets can 'instantly' become everyday spending power.

🔍What happened behind the scenes?

1. Mastercard vs Visa: The on-chain war of global payment giants

Visa had previously attempted USDC settlements on the Solana chain, and now Mastercard has also made a move, partnering with MoonPay to expand compliant payment scenarios.

Traditional payment networks are beginning to test stablecoins as a new 'settlement currency.'

2. What is MoonPay?

MoonPay is a Web3 payment infrastructure company that originally focused on being a 'crypto purchasing gateway,' but is now gradually shifting towards being an 'on-chain payment terminal.'

What it is doing is: making your stablecoins as easy to use as Apple Pay.