Mastercard and MoonPay have partnered to introduce stablecoin-powered payment cards, enabling users to spend digital assets at over 150 million merchants worldwide.
This collaboration enhances the real-world utility of stablecoins like USDC and USDT, transforming them from trading assets to everyday currencies for various transactions.
The involvement of Mastercard lends credibility to stablecoins, facilitating wider adoption among consumers and merchants, potentially increasing confidence in their long-term value.
The partnership signifies mainstream acceptance of crypto payments, leading to increased competition, innovation in the digital payment sector, and potential regulatory developments to support the growth of digital assets.