Mastercard and MoonPay have entered a new partnership that will enable individuals and businesses to make and receive payments using stablecoins on global markets.

The partnership aims to deliver faster and more user-friendly payment solutions for both merchants and consumers by combining Mastercard's global payment network with MoonPay's primarily crypto-focussed infrastructure.

The move will allow businesses and FinTechs to leverage Mastercard cards linked to users' stablecoin balances. This will enable cardholders to spend their stablecoins, which will be simultaneously converted into fiat currency at merchants worldwide.

According to Innovate Finance, stablecoins are already a $200 billion global market, with these digital assets expected to underpin major future innovations in payments, artificial intelligence, and financial infrastructure.

MoonPay bought API-first stablecoin infrastructure platform Iron in March 2025.

MoonPay's extensive network, which integrates with over 500 leading crypto platforms, including major wallets and exchanges, offers a combined reach of over 100 million active crypto users.

The new system will utilise Iron's API-based stablecoin infrastructure to facilitate stablecoin payments for businesses and transform crypto wallets into new digital bank accounts to complete global transactions.

Businesses will also be able to offer stablecoin-based payments to gig workers, contractors and creators, Mastercard said.

 “By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it,” said Scott Abrahams, executive vice president, global partnerships at Mastercard. “Together with MoonPay, we’re building innovative and secure connectivity between crypto and mainstream finance ecosystems, grounded by trust and driven by scale.” 

The partnership comes after Mastercard unveiled plans last month to enable consumers to spend stablecoins and merchants to receive them as part of a “360-degree approach”.

Mastercard said that while banks and FinTechs are increasingly engaging with solutions built on stablecoins, global ubiquity and scale is contingent on "everyday utility, seamless integration into existing financial systems, and an intuitive user experience."

Mastercard is partnering with cryptocurrency exchange OKX to launch the 'OKX Card', with the two businesses exploring ways to help consumers engage with digital assets using the company's crypto trading capabilities and Web3 ecosystem.

The company is also teaming up with Nuvei and Circle to give merchants the option to receive their payments in stablecoins such as Circle’s USDC, regardless of how a consumer chooses to pay.

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