In May 2025, Mastercard and MoonPay launched a major collaboration:

Global Stablecoin Payment Card (Stablecoin Card).

This card allows you to spend stablecoins like USDC directly at over 150 million merchants worldwide that accept Mastercard—no complicated withdrawals, no need to convert to fiat currency, assets on the blockchain can 'instantly' become everyday spending power.

🔍 What happened behind the scenes?

1. Mastercard vs Visa: The on-chain war of global payment giants

Visa had previously attempted USDC settlement on the Solana blockchain, and now Mastercard is also stepping in, partnering with MoonPay to expand compliant payment scenarios.

Traditional payment networks are starting to treat stablecoins as a new 'settlement currency' to test the waters.