🚀 Mastercard and MoonPay Launch Global Stablecoin Card Program
In a significant move towards integrating digital assets into everyday transactions, Mastercard has partnered with MoonPay to introduce a new stablecoin card program. This initiative allows consumers and businesses to utilize stablecoins, such as USDC, for payments at over 150 million merchants worldwide where Mastercard is accepted. The stablecoin balances are seamlessly converted to local fiat currencies during transactions, facilitating smooth and efficient payments.
The collaboration leverages MoonPay's acquisition of Iron, a stablecoin infrastructure provider, to enable API-driven solutions for businesses. This development transforms crypto wallets into digital bank accounts, offering users the ability to manage payouts, disbursements, and cross-border transactions more effectively.
Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, stated, "By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it."
This partnership underscores Mastercard's commitment to embracing digital currencies and enhancing the global payments ecosystem.
