Mastercard partners with MoonPay to boost stablecoin payments

MoonPay’s Iron technology enables quick integration of stablecoin payments via virtual Mastercards.

Mastercard teams up with MoonPay to make stablecoin payments accessible to millions of businesses globally.

Mastercard is expanding its digital asset services through a new collaboration with MoonPay to simplify stablecoin payments worldwide. The partnership will let 150 million businesses accept stablecoin payments, advancing Mastercard’s push to mainstream cryptocurrency.

Central to this initiative is MoonPay’s Iron technology, which offers stablecoin payment APIs. These allow merchants and fintech companies to quickly add crypto payment options using virtual Mastercards.

MoonPay, acquired by Mastercard earlier this year, aims to boost stablecoin adoption by making crypto payments as easy as traditional card transactions.

Stablecoins have grown into a $245 billion market, with transfer volumes in 2024 reaching $27.6 trillion—surpassing combined Visa and Mastercard transactions.

Meanwhile, regulatory progress continues in the US, where Congress considers two bills aimed at stabilising the stablecoin market. Despite ongoing classification uncertainties, recent regulatory actions suggest growing acceptance of the sector.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!