MoonPay has teamed up with Mastercard to allow users to make payments with stablecoins at over 150 million merchants worldwide, the company announced Thursday.
This partnership enables any crypto wallet user to issue a virtual Mastercard that draws funds directly from their stablecoin holdings. These virtual cards can be used seamlessly across Mastercard’s extensive global merchant network.
The move reflects a growing trend in mainstream payment providers embracing cryptocurrencies. Last month, Mastercard rolled out end-to-end stablecoin capabilities, deepening its involvement in the crypto space, and also partnered with the exchange OKX to launch a co-branded debit card.
Crypto exchange Kraken similarly partnered with Mastercard earlier this year to enable its UK and European users to spend cryptocurrencies at any merchant accepting Mastercard.
In addition, Mastercard has expanded its network to support tokenized real-world assets (RWAs), collaborating with Ondo Finance to facilitate transactions using tokenized U.S. Treasury bills.
This latest collaboration with MoonPay marks another step toward integrating stablecoins into everyday spending, making crypto payments more accessible and practical for consumers worldwide.
