- Mastercard launches global stablecoin payment service via MoonPay.
- 150 million merchants affected worldwide.
- Integration strengthens crypto payments in traditional markets.
Mastercard has teamed up with MoonPay on May 15, 2025, to offer a stablecoin payment card service, impacting 150 million global merchants.
The partnership signifies Mastercard’s advancing support for blockchain, connecting cryptocurrency to mainstream finance and addressing demand for seamless transactions.
Mastercard and MoonPay have initiated a stablecoin payment service involving around 150 million merchants. On March 2025, MoonPay acquired Iron to build necessary stablecoin infrastructure. The partnership highlights the fusion of traditional finance with blockchain technology.
Significant industry players include Mastercard and MoonPay. Key executives like Jorn Lambert emphasize creating ease for both merchants and consumers. Jorn Lambert, Chief Product Officer, Mastercard, stated:
“We want to make it easy for merchants to accept stablecoin payments and for consumers to use them just like any other form of money.”
Integration with existing crypto wallets supports direct merchant payments and stablecoin-to-fiat conversions.
The service will likely impact how merchants and consumers conduct transactions, potentially reshaping payment norms. Mastercard’s collaboration reflects a growing embrace of crypto solutions by traditional financial institutions.
As stablecoins gain acceptance, financial, regulatory, and technological impacts are anticipated. With Visa offering similar services and U.S. regulatory uncertainties, Mastercard’s move emphasizes its strategic position within shifting global markets.
Mastercard is exploring alliances with major crypto platforms like Kraken, MetaMask, and Gemini, which could expand stablecoin use. Historical trends suggest increasing stablecoin acceptance, acting as a bridge between crypto ecosystems and traditional finance.
