Crypto Mastercard
Mastercard has recently launched crypto stablecoin cards through a partnership with MoonPay, announced around May 15, 2025. These cards enable users to spend stablecoins, such as USDC, at over 150 million merchants globally where Mastercard is accepted.
Here's what we know about these cards:
* Global Acceptance: The cards will be accepted anywhere Mastercard is accepted, allowing for widespread use of stablecoins for everyday purchases.
* Partnerships: Mastercard is collaborating with various cryptocurrency companies, including MoonPay, Binance, Crypto.com, and MetaMask, to issue these cards. They have also partnered with OKX for the OKX Card and with Nuvei, Circle, and Paxos to allow merchants to receive payments in stablecoins.
* Seamless Conversion: When a user makes a purchase with a stablecoin card, the cryptocurrency will be automatically converted to the local fiat currency at the point of sale.
* Enabling Technology: The initiative is powered by Mastercard Crypto Credential and Mastercard Move, ensuring secure and compliant blockchain transactions. MoonPay's infrastructure, including their acquisition of Iron, also plays a role in facilitating real-time stablecoin conversions and payments.
* Mainstreaming Stablecoins: This move by Mastercard aims to make digital finance more accessible and practical for everyday life, signifying a step towards the mainstream adoption of stablecoins.
In essence, these Mastercard crypto stablecoin cards function similarly to regular debit cards, but they are linked to your cryptocurrency holdings, specifically stablecoins, allowing you to use them for payments at a vast network of merchants worldwide.
