MoonPay and Mastercard partner to mainstream stablecoin payments

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.