In a strategic move aimed at enhancing integration between digital currencies and traditional financial systems, Mastercard has announced a new partnership with MoonPay to launch stablecoin-linked payment cards, under the hashtag #MastercardStablecoinCards. This initiative aims to enable users to spend their stablecoin balances such as USDC at over 150 million merchant locations worldwide that accept Mastercard cards.

What are Mastercard's stablecoin cards?

These cards serve as a bridge between the world of digital currencies and traditional financial systems. Through this partnership, users can link their digital wallets to Mastercard cards, allowing them to easily spend their stablecoin balances, as these currencies are automatically converted to local currencies at the point of sale, without the need for additional steps or technical complexities.

Benefits for users and merchants

Ease of use: Users can spend their stablecoin balances anywhere Mastercard cards are accepted, without the need for manual conversions or complex processes.

Instant conversion: The process of converting stablecoins to local currencies happens automatically at the time of purchase, ensuring a seamless experience for users.