Mastercard to launch new stablecoin payment card in partnership with MoonPay

PANews reported on May 15 that according to Decrypt, Mastercard has reached a cooperation with crypto payment company MoonPay and will launch stablecoin payment card services to 150 million merchants around the world. The service is based on the technical architecture of Iron, a stablecoin payment company acquired by MoonPay in March this year, and will be automatically converted to fiat currency during transactions. This is another layout of MasterCard in the field of crypto payments after cooperating with OKX, Nuvei and Circle in April.