Mastercard Partners with MoonPay to Enable Stablecoin Payments Across 150 Million Merchants

Mastercard continues its aggressive push into cryptocurrency by partnering with MoonPay to roll out stablecoin-powered payment cards. The collaboration leverages infrastructure from Iron, a stablecoin payment firm acquired by MoonPay earlier this year, enabling automatic conversion of transactions into fiat currency.

This marks Mastercard’s latest crypto initiative following recent deals with OKX, Nuvei, and Circle. The move underscores growing institutional adoption of stablecoins, which have gained traction for their price stability and utility in cross-border payments.

Payment giants are racing to establish footholds in digital asset infrastructure. Visa is concurrently piloting stablecoin services in six Latin American countries, signaling intensifying competition in the crypto payments space.