Mastercard joins forces with MoonPay on stablecoin payments

GlobalData

Fri, May 16, 2025, 6:27 AM 1 min read

Mastercard has partnered with MoonPay, a cryptocurrency outgo solutions provider, to let planetary stablecoin transactions utilizing Mastercard-branded cards.

This determination aims to alteration users to walk their integer currency astatine implicit 150 cardinal locations globally wherever Mastercard is accepted.

The concern utilises Iron's API-driven stablecoin infrastructure, which MoonPay acquired successful March, to facilitate payments for businesses and person crypto wallets into integer slope accounts for cross-border wealth transfers.

Additionally, it volition alteration businesses to connection stablecoin-based payments to gig workers, contractors, and creators.

By combining Mastercard's planetary payments web with MoonPay's crypto system connections, the confederation seeks to present outgo solutions to some merchants and consumers.

MoonPay has integrations implicit 500 crypto platforms and anticipates the combined scope extends to implicit 100 cardinal progressive crypto users.

Mastercard planetary partnerships enforcement vice president Scott Abrahams said: “By providing solutions that unlock stablecoin inferior and ubiquity, we are redefining however wealth moves globally and driving a displacement successful payments arsenic we cognize it. Together with MoonPay, we’re gathering innovative and unafraid connectivity betwixt crypto and mainstream concern ecosystems, grounded by spot and driven by scale.”

MoonPay CEO and laminitis Ivan Soto-Wright stated: “MoonPay serves the largest crypto wallets successful the industry, and with Mastercard, we’re bringing convenient, trusted stablecoin-enabled cards to crypto users astir the world. Our acquisition of Iron and long-standing narration with Mastercard let america to powerfulness a caller epoch of payments made with stablecoins astatine much than 150 cardinal merchant locations worldwide.”

In March, MoonPay has secured a $200m revolving recognition facility from Galaxy, a crypto-focused fiscal services firm.

"Mastercard joins forces with MoonPay connected stablecoin payments " was primitively created and published by Electronic Payments International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.