MoonPay and Mastercard partner to mainstream stablecoin payments
Enterprises and fintechs can now leverage branded Mastercard cards linked to consumers’ stablecoin balances
By Team MoonPay
We’re thrilled to announce that we'll join forces with our longstanding partner Mastercard 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’ 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.
The partnership will use API-driven stablecoin infrastructure from Iron, which we acquired in 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 businesses to offer stablecoin-based payouts to gig workers, contractors and creators.
“By 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,” said Scott Abrahams, executive vice president, Global Partnerships at Mastercard. “Together with MoonPay, we’re building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.”
Combining Mastercard’s trusted global payments network and digital assets capabilities with our advanced infrastructure connecting the crypto economy, this partnership aims to deliver faster, more intuitive payment solutions for merchants and consumers alike.
“MoonPay serves the largest crypto wallets in the industry, and with Mastercard, we’re bringing convenient, trusted stablecoin-enabled cards to crypto users around the world,” said our CEO and co-founder, Ivan Soto-Wright. “Our 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.”
Our 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 us to deploy stablecoin-powered Mastercard cards across the global payments and commerce ecosystem. Around 20 million crypto wallets globally 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.
