Mastercard & MoonPay Launch Global Stablecoin Payments

Mastercard and MoonPay have partnered to launch a global system enabling businesses and consumers to use stablecoins as payment at scale. The initiative allows users to spend their crypto assets instantly through Mastercard’s network of merchants, with the stablecoin being converted to fiat currency upon purchase. This new payment system will be accessible at over 150 million locations globally.