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Mastercard & MoonPay Launch Stablecoin Cards for 150M Merchants

  • On May 15, 2025, Mastercard and MoonPay introduced stablecoin payment cards that can be used for purchases at millions of Mastercard-accepting merchants globally.
  • This launch follows MoonPay's March 2025 acquisition of Iron, a stablecoin infrastructure platform that powers real-time crypto payments.
  • The cards convert stablecoins automatically to local currency at checkout, enabling users to spend crypto without centralized exchanges.
  • Scott Abrahams, Mastercard’s EVP of Global Partnerships, highlighted that quicker transactions enable consumers to purchase a greater quantity of products, underscoring the cards' influence.
  • This initiative aims to improve payouts for gig workers and underbanked populations while promoting broader stablecoin adoption despite regulatory challenges.
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decrypt.co broke the news in New York, United States on Thursday, May 15, 2025.
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