https://coingape.com/wp-content/uploads/2025/05/Mastercard-to-Launch-Stablecoin-Payment-Card-Service-Via-MoonPay-Partnership.webp
Mastercard has partnered with fintech startup Stables to launch a virtual prepaid card that enables users to spend stablecoins like USD Coin (USDC) at any merchant accepting Mastercard, both online and in-store. This initiative aims to simplify the use of digital assets in everyday transactions by eliminating the need to convert stablecoins into fiat currency before making purchases.
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🌍 Global Expansion
Initially launched in Australia, the Stables Mastercard virtual card has expanded into Europe. This expansion allows users across the European Union to make contactless payments via Apple Pay and Google Pay, utilizing their stablecoin balances. Stables holds a Virtual Asset Service Provider (VASP) license, ensuring compliance with regional regulations and enabling secure operations across multiple jurisdictions.
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🔐 Security and Compliance
The partnership leverages Circle's USDC, chosen for its regulatory compliance and transparency. Mastercard's involvement ensures that transactions are processed through its secure and widely accepted payment network, providing users with confidence in the safety and reliability of their payments.
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📲 Getting Started
Users can access the Stables Mastercard virtual card by downloading the Stables app, available on both iOS and Android platforms. Once set up, users can manage their stablecoin balances and make purchases seamlessly through their mobile wallets.
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This collaboration between Mastercard and Stables represents a significant step toward integrating digital currencies into mainstream financial systems, offering users a practical way to utilize their digital assets in everyday life.
