#MastercardStablecoinCards
### **1. Mastercard & MoonPay: Mainstreaming Stablecoin Payments**
- **Partnership**: Mastercard teamed up with MoonPay to enable **stablecoin-powered payments** via branded cards, usable at **150M+ global merchants**. Transactions auto-convert stablecoins (e.g., USDT, USDC) to fiat at checkout .
- **Tech Stack**: Leverages **Iron’s API infrastructure** (acquired by MoonPay) to link crypto wallets to Mastercard’s network, transforming wallets into "digital bank accounts" .
- **Scale**: Targets **20M+ monthly stablecoin users** and **120M+ wallets** holding stablecoins .
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### **2. End-to-End Stablecoin Ecosystem**
Mastercard’s **360-degree approach** integrates:
- **Wallet Enablement**: Partners like **MetaMask, Kraken, and Binance** allow spending stablecoins via Mastercard cards .
- **Merchant Settlement**: Collaborations with **Circle (USDC), Paxos, and Nuvei** let merchants receive payments in stablecoins, regardless of customer payment method .
- **On-Chain Remittances**: **Mastercard Crypto Credential** simplifies cross-border transfers using verified usernames (e.g., via Wirex, Mercado Bitcoin) .
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### **3. Key Card Launches**
- **OKX Card**: A debit card linked to OKX’s crypto trading platform, enabling seamless stablecoin-to-fiat conversions .
- **MetaMask Card**: A **self-custody card** operating on Ethereum’s Linea L2, bypassing centralized exchanges for direct wallet spending .
- **MoonPay Virtual Card**: Supports **USDT spending**, hailed by Tether’s CEO as "the best idea after sliced bread" .
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### **4. Global Expansion & Real-World Utility**
- **Canada Launch**: Monavate, Baanx, and Mastercard rolled out **USDC-powered cards** for in-store/online purchases without preloading .
- **Cross-Border Efficiency**: Stablecoins reduce remittance costs and settlement times, especially in **Latin America and Asia-Pacific** .
- **Institutional Backing**: JPMorgan and Standard Chartered are connected to Mastercard’s *Multi-Token Network (MTN) for real-time asset tokenizetion
