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Mastercard & MoonPay Launch Stablecoin Cards for 150M Merchants

Mastercard and MoonPay announced on May 15, 2025, a global partnership launching stablecoin payment cards usable at 150 million merchants worldwide.
This partnership builds on MoonPay's March 2025 acquisition of Iron, a stablecoin infrastructure platform that enables real-time stablecoin spending converted automatically to local currencies.
The system aims to help businesses send stablecoin payouts to gig workers, freelancers, and creators, while also benefiting users in underbanked regions and areas with high remittance fees.
Scott Abrahams of Mastercard stated this effort will "redefine how money moves globally and drive a shift in payments as we know it," emphasizing faster payments increasing purchasing power.
The partnership could expand stablecoin adoption worldwide and improve cross-border payments, though regulatory challenges remain concerning the secure integration of stablecoins into finance.

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Mastercard & MoonPay Launch Stablecoin Cards for 150M Merchants

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