Mastercard and MoonPay have entered into a strategic partnership to make stablecoin payments a mainstream option for consumers and businesses across the globe.
The collaboration, which the company announced on Thursday, will see the rollout of Mastercard-branded payment cards connected to users’ stablecoin wallets.
This will allow instant conversion of digital currencies to local fiat for use at over 150 million locations where Mastercard is accepted.
Mastercard eyes stablecoin-traditional finance fusion
The move is designed to integrate the fast-growing stablecoin economy into the traditional financial system, enabling seamless global transactions and offering new digital payment experiences for crypto wallet users.
The firm’s long-standing reputation in the global payment space, combined with MoonPay’s deep infrastructure in the digital asset ecosystem, provides a strong foundation for the partnership.
According to both companies, enterprises and fintech firms will be able to issue cards that connect directly to consumers’ stablecoin balances.
When used at point-of-sale terminals or online, these stablecoins will be automatically converted into fiat currency in real time, making the payment process seamless for end users.
The partnership builds on MoonPay’s acquisition of Iron in March, a stablecoin infrastructure platform whose API-driven tools will serve as the backbone of the new service.
With Iron, crypto wallets can function as digital bank accounts, enabling businesses to conduct cross-border transactions more efficiently. This capability is expected to improve companies’ management of payouts and disbursements across borders.
The solution is also tailored to meet the needs of underbanked regions and the growing global gig economy. By enabling stablecoin-based payouts, businesses can now more easily compensate freelancers, content creators, and independent contractors.
“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.” he added.
The partnership also leverages MoonPay’s vast network, which spans more than 500 leading crypto platforms, wallets, and exchanges, and reaches over 100 million active users.
Currently, 20 million crypto wallets perform monthly stablecoin transactions, while 120 million hold stablecoin balances—clear indicators of growing adoption and demand for crypto-enabled financial services.
Ivan Soto-Wright, CEO and Founder at MoonPay, emphasized the strategic value of the collaboration: “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. 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.”
Mastercard deepens its crypto strategy
The alliance with MoonPay builds upon Mastercard’s stablecoin strategy, which was unveiled on April 28, 2025. That initiative laid the foundation for enabling stablecoin transactions globally, aiming to simplify their use for both consumers and businesses.
The new integration with MoonPay now extends that framework into a tangible product for everyday spending.
They have also formed key alliances with players such as OKX, Nuvei, and Circle to boost stablecoin usage. These partnerships have paved the way for stablecoin spending via traditional Mastercard cards issued by platforms like MetaMask, Kraken, Gemini, Bybit, and Crypto.com.
To ensure security and ease of use, the company has been rolling out its “Crypto Credential” solution. This solution verifies users and simplifies blockchain transactions by enabling alias-based transfers instead of complex wallet addresses. As part of a global rollout, this system is already active in regions like the UAE and Kazakhstan.