#MastercardStablecoinCards

Mastercard has partnered with MoonPay to launch new stablecoin cards, enabling users to make and receive payments in stablecoins worldwide. This move follows Mastercard's recent partnerships with OKX, Nuvei, and Circle, expanding their crypto push amid competition with Visa.16

Through these partnerships, Mastercard aims to provide an integrated, 360-degree approach for stablecoin transactions, including wallet enablement, card issuing, and acceptance. Consumers can spend stablecoins from their crypto wallets via traditional cards at over 150 million merchant locations accepting Mastercard globally.3

Mastercard and MoonPay will enable stablecoin payments across 150 million merchants, relying on infrastructure from Iron, a stablecoin payment firm acquired by MoonPay in March. Transactions will be automatically converted into fiat currency.1

Mastercard's initiative to support stablecoin transactions is driven by the growing popularity of stablecoins, which have become popular tools in crypto trading and payments for their price stability. The total stablecoin supply has grown from $2 billion in 2019 to over $200 billion in 2025, with transaction volumes reaching over $27 trillion in 2024.25

Despite the regulatory clarity remaining elusive in many jurisdictions, Mastercard is betting on stablecoins for their utility in remittances, creator economies, and cross-border commerce.12

Mastercard's strategic partnership with OKX to launch the OKX Card reflects their commitment to making digital finance more accessible and practical for everyday life, while also exploring new opportunities to help people engage with digital assets and connect with their passions.3

Visa is also piloting stablecoin services in six Latin American countries, allowing customers to transact in stablecoins from existing balances. Mastercard's stablecoin initiatives aim to surpass these efforts by offering a broader range of services and support.