#EthereumSecurityInitiative Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and receive payments in stablecoins worldwide.

Working with MoonPay, the rollout will rely on infrastructure from Iron, a stablecoin payment firm acquired by MoonPay in March. Transactions will be automatically converted into fiat.

Stablecoins have become popular tools in crypto trading and payments for their price stability, as each is pegged to a fiat currency such as the U.S. dollar.