#MastercardStablecoinCards Mastercard is launching stablecoin payment cards through a partnership with MoonPay, enabling users to make transactions at approximately 150 million merchants worldwide. These cards will automatically convert stablecoin payments into fiat currency at the point of sale, removing volatility from the merchant's experience ¹.
*Key Features:*
- *Stablecoin Conversion*: Automatic conversion of stablecoins to fiat currency for seamless transactions
- *Global Reach*: Support for transactions at over 150 million merchants worldwide
- *Partnership*: Collaboration between Mastercard and MoonPay, leveraging MoonPay's acquisition of Iron, a stablecoin payment firm
- *Regulatory Environment*: Launching amid ongoing regulatory developments, including the U.S. Securities and Exchange Commission's guidance on stablecoins
*Benefits:*
- *Convenience*: Enables users to spend stablecoins like cash
- *Security*: Provides a secure way for businesses to accept stablecoin payments
- *Growing Adoption*: Stablecoins have processed over double the volume of Visa in the past year, with a growing user base of approximately 20 million people conducting stablecoin transactions monthly
This partnership aims to bridge the gap between traditional finance and blockchain technology, allowing for faster and cheaper transactions, particularly for cross-border payments ².