MoonPay Users Can Now Make Stablecoins to Make Payments With Mastercard Partnership

MoonPay has partnered with Mastercard to let users spend stablecoins at more than 150 million merchants worldwide, the company announced on Thursday.

The integration means that users of “every crypto wallet” will be able to access virtual Mastercards that draw directly from their stablecoin balances. The cards can be used at any merchant in Mastercard’s network.

The rollout comes amid a broader trend. Mastercard has last month unveiled end-to-end stablecoin capabilities as it moves deeper into the cryptocurrency economy, and partnered with OKX to launch a debit card with the exchange.

Similarly, crypto exchange Kraken teamed up with Mastercard to let its users in the UK and Europe spend their cryptocurrency at any merchant in the payments giant’s network.

Earlier this year, Mastercard also began supporting tokenized real-world assets (RWAs) on its network through a partnership with Ondo Finance, which offers tokenized U.S. Treasury bills.