Mastercard is partnering with MoonPay to introduce stablecoin-enabled payment cards worldwide. This new collaboration allows businesses and individuals to spend and receive stablecoins easily using MoonPay’s recently acquired payment technology from Iron. Payments made with these cards will automatically convert stablecoins into traditional currencies offering users seamless integration between crypto and fiat money.

The global adoption of stablecoins is growing rapidly as they offer stability by being pegged directly to traditional currencies such as the U.S. dollar. Mastercard’s new initiative follows similar partnerships with crypto exchange OKX and payments firm Nuvei aimed at developing a comprehensive crypto payment ecosystem. These moves position Mastercard ahead of competitors like Visa which recently started a stablecoin pilot in Latin America.

Regulatory challenges have not slowed Mastercard’s crypto ambitions as the company bets on stablecoins’ usefulness in international payments remittances and digital commerce. Mastercard’s continued investment signals strong confidence in crypto adoption paving the way for mainstream global acceptance.