MoonPay has teamed up with Mastercard to launch a new suite of stablecoin payment cards. This is a significant move because it will enable seamless digital asset spending at over 150 million merchants worldwide.
Announced on 15 May 2025, this collaboration follows MoonPay’s recent acquisition of Iron’s infrastructure – responsible for building API-first stablecoin infrastructure to power global, onchain payment experiences. Meanwhile, for Mastercard, this is another move in crypto expansion.
The MoonPay Mastercard global stablecoin payment card will allow users to pay with stablecoins such as USDC, USDT, DAI. The technology automatically converts stablecoins to fiat currency at the point of sale. It ensures merchants receive payments in their local currency.
MoonPay and Mastercard are making stablecoin payments feel convenient and easy to use.
Great point to emphasize that stablecoins are becoming the default backend of global payments.
It’s solving crypto’s all-time problem regarding UX and making payments feel like Apple Pay—okay…
— Nana | Humanode (@Nannamgeladze) May 15, 2025
Netizens celebrated the move. “MoonPay and Mastercard are making stablecoin payments feel convenient and easy to use,” said X user @Nannamgeladze. “Great point to emphasize that stablecoins are becoming the default backend of global payments.”
“It’s solving crypto’s all-time problem regarding UX and making payments feel like Apple Pay—okay cool, but what about identity?” the user added. “Still centralized. Still controlled.”#
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Simultaneously, on 15 May 2025, MoonPay has announced “a mission to make it simple and fast for anyone to buy crypto.” The company announced that PayPal and easy bank transfer are now available in the EU and the UK to fund users’ MoonPay Balance.
Last year, MoonPay s announced a strategic partnership with PayPal for better access to and convenience of crypto payments.
Commenting on the partnership, Ivan Soto-Wright, MoonPay’s co-Founder and CEO, said, “The success of our PayPal partnership speaks volumes about the value we’re creating together.”
“This move will enable us to provide a frictionless experience and lower the barriers to entry to include new users around the world, bringing convenience and trust to our growing customer base,” said Soto-Wright.
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Key Takeaways
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The partnership enable seamless digital asset spending at over 150 million merchants worldwide.
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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 US dollar.
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