Moonpay has teamed up with Mastercard to allow users to spend stablecoins at more than 150 million merchants worldwide, the company announced on Thursday.
Integration means that users of “each cryptographic portfolio” will be able to access the virtual mastercards that draw directly from their stablecoin balances. Cards can be used in any merchant in the Mastercard network.
The deployment comes in the middle of a broader trend. Mastercard unveiled last month the abilities of Stablecoin from start to finish while it moves more deeply in the cryptocurrency economy and associates with OKX to launch a debit card with the exchange.
Likewise, Crypto Exchange Kraken has teamed up with Mastercard to let its users in the United Kingdom and Europe Spend their cryptocurrency at any merchant of the Payment Giant network.
Earlier this year, Mastercard also began supporting tokenized active assets (RWAS) on its network thanks to a partnership with Ondo Finance, which offers US tokenized cash bills.
