Mastercard has partnered with MoonPay to introduce stablecoin-powered virtual cards, enabling users to spend digital currencies like USDC at over 150 million merchants worldwide. These cards link directly to users' crypto wallets, converting stablecoins to local fiat currencies at the point of sale, thereby facilitating seamless transactions. The initiative utilizes Iron's API infrastructure, acquired by MoonPay, to support real-time crypto-to-fiat conversions. This development marks a significant step in integrating digital assets into everyday financial activities, bridging the gap between traditional finance and the crypto economy.

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