Mastercard collaborates with Moonpay in allowing cryptocurrency transactions using stablecoins on Mastercard cards.
In a significant stride towards integrating stablecoins into mainstream payments, Mastercard has announced a partnership with MoonPay, a leading digital asset platform. The collaboration aims to launch stablecoin-linked payment cards, enabling users to spend their digital dollar-backed stablecoins at millions of merchant locations worldwide [1][2][4].
The partnership between Mastercard and MoonPay, announced in May 2025, is powered by Iron's technology. Iron's APIs are designed to bridge stablecoins into existing payment rails, providing a seamless transition for users [3]. The collaboration aims to make stablecoin-based payments as secure and straightforward as traditional bank transactions, backed by Mastercard's robust fraud protections, purchase safeguards, and chargeback rights [3].
Mastercard's integration supports stablecoins such as USDG (Paxos), PYUSD (PayPal), USDC (Circle), and FIUSD (Fiserv), allowing millions of users to spend stablecoins at over 150 million merchant locations worldwide [3][1]. This move represents a significant step towards making digital assets practical for everyday use.
Mastercard's strategy extends beyond this partnership. The company is expanding its stablecoin services through multiple partnerships, including PayPal, Paxos, Fiserv, and Circle, to integrate a wide range of regulated, digital dollar-backed assets into its payment network [1][3]. This move offers merchants, gig workers, and creators the flexibility to receive payouts in stablecoins of their choice, regardless of the currency used at checkout [3].
Mastercard emphasizes a "360-degree solution" approach, ensuring that stablecoins are well-regulated and secure, providing a trusted bridge between traditional finance and digital assets [2][3]. The company is also collaborating with other crypto companies and exchanges to enable stablecoin spending and crypto purchases, further embedding digital assets into daily financial life [3][5].
The company's commitment to stablecoin integration is further underscored by its recruitment of senior leaders to drive blockchain partnerships and financial institution engagement [2]. This move signals a long-term commitment to stablecoin adoption and growth.
Mastercard's stablecoin initiatives have generated significant investor interest, with its stock price reaching all-time highs before recent corrections, as analysts anticipate further growth from stablecoin adoption [2].
In summary, Mastercard's partnership with MoonPay is a cornerstone of its strategy to mainstream stablecoin payments, leveraging technology, security, and regulatory compliance to make digital assets practical for everyday use [1][2][3]. This move represents a significant step towards bridging the gap between traditional finance and digital assets, offering users in underdeveloped and developing countries easy access to otherwise scarce foreign exchange [4].
| Development Area | Details | |-------------------------------|-----------------------------------------------------------------------------------------| | Stablecoin-Linked Cards | Mastercard-MoonPay cards powered by Iron’s tech, spend stablecoins at global merchants | | Supported Stablecoins | USDG (Paxos), PYUSD (PayPal), USDC (Circle), FIUSD (Fiserv) | | Merchant Integration | Over 150 million merchant locations, payout flexibility for merchants and creators | | Security & Compliance | Fraud protection, purchase safeguards, chargeback rights, regulatory focus | | Broader Ecosystem | Partnership with PayPal, Paxos, Fiserv, Circle, crypto exchanges | | Leadership & Hiring | VP hires to expand digital asset division, boost blockchain partnerships |
- Mastercard's partnership with MoonPay, powered by Iron's technology, aims to make stablecoin-based payments as secure and straightforward as traditional bank transactions.
- Mastercard's collaboration with MoonPay supports a variety of stablecoins, including USDG (Paxos), PYUSD (PayPal), USDC (Circle), and FIUSD (Fiserv), enabling millions of users to spend stablecoins at over 150 million merchant locations worldwide.
- Mastercard is also expanding its stablecoin services through partnerships with PayPal, Paxos, Fiserv, and Circle, to integrate a wide range of digital, dollar-backed assets into its payment network.
- This move offers merchants, gig workers, and creators the flexibility to receive payouts in stablecoins of their choice, regardless of the currency used at checkout.
- Mastercard's commitment to stablecoin integration extends beyond this partnership, as the company is also collaborating with other crypto companies and exchanges to enable stablecoin spending and crypto purchases.
- The company's strategy is aimed at bridging the gap between traditional finance and digital assets, offering users in underdeveloped and developing countries easy access to foreign exchange.
