#MastercardStablecoinCards

Mastercard and Binance collaborated to launch crypto-to-fiat prepaid cards in Argentina (August 2022) and Brazil (January 2023), enabling users to spend cryptocurrencies like Bitcoin and BNB at over 90 million Mastercard merchants worldwide . These cards facilitated real-time conversion of crypto holdings into local currencies for everyday purchases.

However, due to regulatory challenges facing Binance, including lawsuits from U.S. authorities, Mastercard terminated its partnership with Binance on September 22, 2023, ending the crypto card programs in Argentina, Brazil, Colombia, and Bahrain . Visa also ceased issuing new co-branded cards with Binance in Europe as of July 2023 .

Despite these setbacks, Mastercard continues to explore digital asset integrations, partnering with companies like MoonPay to enable stablecoin payments, aiming to bridge traditional finance and cryptocurrencies .