News from the Wire

MC, MoonPay team up to mainstream stablecoin payments

Thursday, May 15, 2025 — 16:00:33 (UTC)

MAY 15, 2025 | NEW YORK

Enterprises and fintechs can now leverage branded Mastercard cards linked to consumers’ stablecoin balances

Mastercard and MoonPay will join forces to enable people and businesses to pay and be paid using stablecoins across global markets. Enterprises and fintechs will be able to leverage Mastercard branded cards linked to users’ stablecoin balances, empowering cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations where Mastercard is accepted worldwide.

The partnership will use API-driven stablecoin infrastructure from Iron, acquired by MoonPay in March, to facilitate stablecoin-powered payments for businesses and transform crypto wallets into new digital bank accounts for seamless global transactions. This will unlock the ability for businesses, neobanks, and other payment participants to easily manage payouts and disbursements more efficiently, improving cross-border money transfers. It also allows businesses to offer stablecoin-based payouts to gig workers, contractors and creators. 

Combining Mastercard’s trusted global payments network and digital assets capabilities with MoonPay’s advanced infrastructure connecting the crypto economy, this partnership aims to deliver faster, more intuitive payment solutions for merchants and consumers alike. Whether it’s shopping at a local market in Asia Pacific or a Latin American merchant paying a European supplier online, these capabilities offer significant advantages.

MoonPay’s extensive network, with integrations across over 500 leading crypto platforms including major wallets and exchanges, provides a combined reach of over 100 million active crypto users. This unique position allows them to deploy stablecoin-powered Mastercard cards across the global payments and commerce ecosystem. Around 20 million crypto wallets globally are making monthly stablecoin transactions, with 120 million holding stablecoin balances. This scale demonstrates the significant demand for accessible spending solutions powered by digital assets.

“By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it,” said Scott Abrahams, executive vice president, Global Partnerships at Mastercard. “Together with MoonPay, we’re building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.”

“MoonPay serves the largest crypto wallets in the industry, and with Mastercard, we’re bringing convenient, trusted stablecoin-enabled cards to crypto users around the world,” said Ivan Soto-Wright, CEO and Founder at MoonPay. “Our acquisition of Iron and long-standing relationship with Mastercard allow us to power a new era of payments made with stablecoins at more than 150 million merchant locations worldwide.”

This announcement builds upon Mastercard’s proven efforts and expertise to enable global, end-to-end stablecoin acceptance and payments capabilities, ensuring that people and businesses can make and receive stablecoin payments – anytime, anywhere.

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Source: Company press release.

Categories: Partnership