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Mastercard to Roll Out New Stablecoin Cards in Latest Crypto Push With MoonPay

MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant's crypto push amid competition with Visa.

Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and receive payments in stablecoins worldwide.

Working with MoonPay, the rollout will rely on infrastructure from Iron, a stablecoin payment firm acquired by MoonPay in March. Transactions will be automatically converted into fiat.

Stablecoins have become popular tools in crypto trading and payments for their price stability, as each is pegged to a fiat currency such as the U.S. dollar.

Mastercard to Roll Out New Stablecoin Cards in Latest Crypto Push With MoonPay

MoonPay has tapped Mastercard to launch global stablecoin card services, expanding the card giant's crypto push amid competition with Visa.

Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and receive payments in stablecoins worldwide.

Working with MoonPay, the rollout will rely on infrastructure from Iron, a stablecoin payment firm acquired by MoonPay in March. Transactions will be automatically converted into fiat.

Stablecoins have become popular tools in crypto trading and payments for their price stability, as each is pegged to a fiat currency such as the U.S. dollar. 

https://decrypt.co/320171/mastercard-new-stablecoin-cards-moonpay