{"id":2705878,"date":"2025-05-19T07:00:00","date_gmt":"2025-05-19T11:00:00","guid":{"rendered":"https:\/\/pymnts-com-develop.go-vip.net\/?post_type=nw_announcement&p=2512613"},"modified":"2025-05-19T07:00:00","modified_gmt":"2025-05-19T11:00:00","slug":"mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments","status":"publish","type":"nw_announcement","link":"https:\/\/www.pymnts.com\/newswire-announcements\/mastercard-and-moonpay-team-up-to-mainstream-stablecoin-payments\/","title":{"rendered":"Mastercard and MoonPay Team Up to Mainstream Stablecoin Payments"},"content":{"rendered":"

Mastercard<\/u><\/a>\u00a0and\u00a0MoonPay<\/u><\/a>\u00a0will join forces to enable people and businesses to pay and be paid using stablecoins across global markets. Enterprises and fintechs will be able to leverage Mastercard branded cards linked to users\u2019 stablecoin balances, empowering cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations where Mastercard is accepted worldwide.<\/p>\n

The partnership will use API-driven stablecoin infrastructure from\u00a0Iron<\/u><\/a>,\u00a0acquired by MoonPay<\/u><\/a>\u00a0in March, to facilitate stablecoin-powered payments for businesses and transform crypto wallets into new digital bank accounts for seamless global transactions. This will unlock the ability for businesses, neobanks, and other payment participants to easily manage payouts and disbursements more efficiently, improving cross-border money transfers. It also allows\u202fbusinesses to offer stablecoin-based payouts to gig workers, contractors and creators.<\/p>\n

Combining Mastercard\u2019s trusted global payments network and digital assets capabilities with MoonPay\u2019s advanced infrastructure connecting the crypto economy, this partnership aims to deliver faster, more intuitive payment solutions for merchants and consumers alike. Whether it\u2019s shopping at a local market in Asia Pacific or a Latin American merchant paying a European supplier online, these capabilities offer significant advantages.<\/p>\n

MoonPay\u2019s extensive network, with integrations across over 500 leading crypto platforms including major wallets and exchanges, provides a combined reach of over 100 million active crypto users. This unique position allows them to deploy stablecoin-powered Mastercard cards across the global payments and commerce ecosystem.\u00a0Around\u00a020 million crypto wallets<\/u><\/a>\u00a0globally are making monthly stablecoin transactions, with 120 million holding stablecoin balances. This scale demonstrates the significant demand for accessible spending solutions powered by digital assets.<\/p>\n

\u201cBy providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it,\u201d said Scott Abrahams, executive vice president, Global Partnerships at Mastercard. \u201cTogether with MoonPay, we\u2019re building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.\u201d<\/p>\n

\u201cMoonPay serves the largest crypto wallets in the industry, and with Mastercard, we\u2019re bringing convenient, trusted stablecoin-enabled cards to crypto users around the world,\u201d said Ivan Soto-Wright, CEO and Founder at MoonPay. \u201cOur acquisition of Iron and long-standing relationship with Mastercard allow us to power a new era of payments made with stablecoins at more than 150 million merchant locations worldwide.\u201d<\/p>\n

This announcement builds upon\u00a0Mastercard\u2019s proven efforts<\/u><\/a>\u00a0and expertise to enable global, end-to-end stablecoin acceptance and payments capabilities, ensuring that people and businesses can make and receive stablecoin payments \u2013 anytime, anywhere.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enterprises and fintechs can now leverage branded Mastercard cards linked to consumers\u2019 stablecoin balances <\/p>\n","protected":false},"author":102931,"featured_media":0,"template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"press_contact_first_name":"Biz","press_contact_last_name":"Cozine","press_contact_title":"","press_contact_company":"Mastercard","press_contact_email":"Biz.Cozine@mastercard.com","press_contact_phone":"","meta_description":"","keywords":"","spt_article_id":"twFQGYaaC19MwRr4-EaAz","company_logo":2705936,"package_name":"","spt_editor_url":"","footnotes":""},"tags":[],"class_list":["post-2705878","nw_announcement","type-nw_announcement","status-publish","hentry"],"acf":[],"yoast_head":"\nMastercard and MoonPay Team Up to Mainstream Stablecoin Payments | PYMNTS.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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