🎉 Mastercard and mega-fintech MoonPay 🇺🇸 launch stablecoin-backed card system

🎉 Mastercard and mega-fintech MoonPay 🇺🇸 launch stablecoin-backed card system

The core idea is to turn crypto wallets into new types of digital bank accounts. This will simplify cross-border payments and benefit businesses, neobanks, and other players in the payment ecosystem.

➡️ Key point: During the payment process, stablecoin transactions will be automatically converted into local currencies.

➡️ How does it work? — The partnership leverages Iron’s API-based stablecoin infrastructure, a company MoonPay acquired in March of this year.

➡️ Regulatory aspect: In April, the U.S. Securities and Exchange Commission (SEC) issued partial guidance regarding stablecoin regulation. However, legal uncertainty remains around algorithmic or yield-generating tokens.

➡️ Why It Matters: With over 500 integrations across major crypto platforms, MoonPay’s network offers a global reach to an estimated 100 million active crypto users.

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