Mastercard and MoonPay have announced a new global partnership. The goal is to support stablecoin payments across Mastercard’s network. The companies plan to let businesses and consumers pay or receive payments in stablecoins.

According to the announcement, financial firms and fintech companies will be able to issue Mastercard-branded cards. These cards will connect to users’ stablecoin wallets. Cardholders can then spend their stablecoins in real time, Crypto.news reported.

Stablecoins Convert Instantly at Mastercard Merchants

At the point of sale, the stablecoins will be automatically converted to local currency. Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term will be accepted at over 150 million locations that support Mastercard worldwide.

The partnership uses technology from Iron, a stablecoin infrastructure platform recently acquired by MoonPay. Iron enables crypto wallets to act like digital bank accounts. It supports fast and efficient stablecoin transfers. These features can be used for international payments, disbursements, and business transactions.

You may find it interesting at FinanceMagnates.com: Mastercard Rolls Out Crypto Credential Solution in UAE, Kazakhstan.

🚨 BREAKING NEWS 🚨

MoonPay and @Mastercard have joined forces to enable stablecoin payments and spending at 150 million global businesses!

with this partnership, every crypto wallet will also have access to new stablecoin-powered virtual Mastercards pic.twitter.com/nklJySCntP

— MoonPay 🟣 (@moonpay) May 15, 2025

System Aids Payments for Gig Workers

The companies said this system will help businesses send payments to gig workers, freelancers, and content creators. They also expect it to benefit people in underbanked areas and regions where remittance fees are high.

MoonPay's platform connects with more than 500 crypto services. It reaches over 100 million users. Around 20 million wallets currently carry out stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term transactions each month. In total, 120 million wallets hold stablecoin balances.

Tokenization and Biometrics Enhance Security

Meanwhile, Mastercard plans to transform online shopping by 2030 by replacing physical card numbers and passwords with biometric authentication. This technology is currently being tested in key markets and is expected to become widespread soon.

The company aims to combine tokenization with biometrics to improve security and convenience during online checkouts. Mastercard notes that online fraud is higher than in-store, partly due to exposed card details.