On Thursday, MoonPay announced a partnership with Mastercard to enable users to spend stablecoins at over 150 million merchants globally. This integration allows users of any crypto wallet to access virtual Mastercards. These cards draw directly from their stablecoin balances and can be used at any merchant within Mastercard's network.
Mastercard has been expanding its cryptocurrency capabilities. Last month, they unveiled end-to-end stablecoin capabilities and partnered with OKX to launch a debit card. Crypto exchange Kraken also teamed up with Mastercard to allow users in the UK and Europe to spend cryptocurrency at merchants in its network.
Earlier this year, Mastercard began supporting tokenized real-world assets (RWAs) through a partnership with Ondo Finance. This collaboration offers tokenized U.S. Treasury bills. These moves build on Mastercard's broader strategy to streamline digital asset transactions.
This article is based on our author's analysis of materials taken from the following resource: Coindesk.