#MastercardStablecoinCards Mastercard recently announced, in partnership with MoonPay, the launch of payment cards backed by stablecoins, marking a significant advancement in the integration of cryptocurrencies into everyday transactions.
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💳 What are Mastercard stablecoin cards?
These new cards, available in physical and virtual versions, allow users to spend stablecoins such as USDC, USDT, or DAI at more than 150 million merchants accepting Mastercard worldwide. During a payment, stablecoins are automatically converted into local fiat currency (such as euros or dollars) thanks to Iron's infrastructure, a technology acquired by MoonPay in March 2024.
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🔧 How it works
Instant conversion: At the time of purchase, stablecoins are converted into local currency in real-time, with merchants not noticing the difference.
Integration with crypto wallets: Users can link their stablecoin wallets directly to Mastercard cards.
Global accessibility: The cards can be used at all points of sale accepting Mastercard, facilitating cross-border payments.
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🌍 Impact and outlook
This initiative aims to reduce the barrier between cryptocurrencies and traditional financial systems, making stablecoins as usable as traditional currencies. It could also promote financial inclusion in regions where access to banking services is limited, by providing a stable and accessible alternative.
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📌 Key points
Strategic partnership: Mastercard partners with MoonPay to integrate stablecoins into its global network.
Iron technology: Acquired by MoonPay, it ensures the smooth conversion of stablecoins into fiat currency.
Growing adoption: With around 120 million wallets holding stablecoins, the demand for convenient payment solutions is on the rise.
