#MastercardStablecoinCards

Mastercard, in partnership with MoonPay, is launching a stablecoin card that allows users to spend their digital assets directly at over 150 million locations where Mastercard is accepted. This means users can make purchases, both online and in-store, using stablecoins like USDC and USDT without needing to first convert them to fiat currency, according to Binance. 

Stablecoin Payments:

The cards will enable users to spend their stablecoin balances directly, with the transaction being converted to fiat currency at the point of sale. 

Global Reach:

The partnership aims to make crypto payments as commonplace as using a regular debit or credit card, with the cards being accepted globally. 

Mainstream Adoption:

This initiative is seen as a significant step towards integrating blockchain technology and digital assets into everyday finance, according to Mastercard. 

Underlying Technology:

The partnership leverages MoonPay's Web3 tools and Mastercard's network, along with API-driven stablecoin infrastructure from Iron, to facilitate seamless transactions, according to Binance. 

Business Applications:

Businesses can also utilize the card to offer stablecoin-based payouts to gig workers, contractors, and creators, and manage payouts and disbursements more efficiently.