Mastercard has forged a partnership with MoonPay to strengthen its presence in the cryptocurrency payment sector.
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Friday, May 16, 2025
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Home Finance
Mastercard launches new stablecoin cards for millions of merchants
Mastercard has forged a partnership with MoonPay to strengthen its presence in the cryptocurrency payment sector.
Mastercard launches new stablecoin cards
The partnership between MoonPay and Mastercard will bring stablecoins closer to millions of consumers and merchants. Source: Grok.
The cards will utilize Iron's technology, a company that was acquired by MoonPay.
Payment giants are taking note of the growing demand for stablecoins.
Recently, a collaboration was announced between MoonPay and Mastercard to launch cards linked to stablecoins, which can be used in over 150 million merchants worldwide. According to the MoonPay team, each wallet will have access to these new cards powered by stablecoins, thus facilitating the buying, selling, and exchanging of cryptocurrency in a more accessible manner.
According to an official statement from Mastercard, the new cards will be based on infrastructure developed by Iron, a firm acquired by MoonPay in March. The goal is to allow companies and other players in the payment ecosystem to manage their disbursements more practically and efficiently, overcoming the limitations of international transfers; it also seeks to facilitate payments in stablecoins to temporary workers, contractors, and content creators.