Mastercard launches stablecoin cards in collaboration with MoonPay, enabling businesses and fintech companies to issue cards bearing the Mastercard brand linked to consumers' stablecoin balances. These cards allow users to spend stablecoins, which are automatically converted to fiat currency, at over 150 million merchant locations worldwide that accept Mastercard.

*Key Features:*

- *Stablecoin Payments*: Users can make payments using stablecoins, which are converted to fiat currency at the point of sale.

- *Global Acceptance*: The cards are accepted at over 150 million merchant locations worldwide, including online and offline transactions.

- *Partnerships*: Mastercard has partnered with several cryptocurrency companies, including MoonPay, OKX, Nuvei, Circle, and Paxos, to enable stablecoin payments and settlements [4][2].

*Benefits:*

- *Convenience*: Users can easily spend stablecoins without worrying about the complexities of conversion.

- *Efficiency*: Merchants can receive payments in stablecoins, reducing transaction costs and increasing settlement speed.

- *Increased Adoption*: The partnership aims to drive widespread adoption of stablecoins and enhance their utility in everyday transactions.