Mastercard Taps MoonPay to Simplify Stablecoin Payments for 150M Businesses Globally

By: bitcoin ethereum news|2025/05/16 05:30:07
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Mastercard will roll out new crypto card solutions for stablecoin off-ramp payment with its latest collaboration with MoonPay. Mastercard’s intentions have been clear from the start: it wants to deepen its presence in the digital asset industry. Today, that foray continued with a new collaboration with crypto payment solution MoonPay. In a Thursday press release, Mastercard’s latest partner, Moonpay, announced that it will work closely with the card giant to simplify stablecoin payments. The new linkup will make crypto payments seamlessly available to 150 million businesses globally. Mastercard to Leverage MoonPay for Stablecoin Payment Mastercard recently disclosed that it is developing a blockchain-based protocol to facilitate crypto transactions among retail and institutional users. The initiative would simplify on-ramp and off-ramp payments, with the firm likening it to a Venmo or Zelle-like system. Today, it aims to make stablecoin payments available to millions of users globally. At the center of this new initiative is MoonPay’s Iron technology, an infrastructure platform that provides stablecoin payment APIs, allowing merchants and fintechs to integrate rails for swift crypto payments. Notably, MoonPay acquired the firm in March 2025. MoonPay stressed that the integration will give every crypto wallet instant access to virtual Mastercards for stablecoin-powered transactions. Meanwhile, stablecoin adoption has continued to swell as traditional finance acknowledges the crypto’s potency in several applications, including payments. The fiat-pegged digital asset sector has grown to a $245 billion industry amid increasing traction. In 2024, stablecoin transfer volume reached $27.6 trillion, trouncing the combined volume of Visa and Mastercard. Easing Stablecoin Regulation Meanwhile, two stablecoin bills recently gained Congress approval as the United States facilitates efforts to create a regulatory framework. The STABLE Act and GENIUS Act could soon be passed into law pending the decision from the full House floor. However, it bears mentioning that the GENIUS Act recently faced a major hurdle in Congress. In the meantime, the stablecoin industry still has hovering uncertainties around its classification. While the US Securities and Exchange Commission has attempted to classify the currency as non-security, its exemption of algorithmic stablecoins failed to clear the lingering doubts. Nonetheless, the regulator recently dropped charges against PayPal’s stablecoin (PYUSD), reflecting its friendly disposition towards the sector. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Source: https://thecryptobasic.com/2025/05/15/mastercard-taps-moonpay-to-simplify-stablecoin-payments-for-150m-businesses-globally/?utm_source=rss&utm_medium=rss&utm_campaign=mastercard-taps-moonpay-to-simplify-stablecoin-payments-for-150m-businesses-globally

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