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Mastercard has partnered with MoonPay, a cryptocurrency payment solutions provider, to allow global stablecoin transactions using Mastercard-branded cards.
This move aims to enable users to spend their digital currency at over 150 million locations globally where Mastercard is accepted.
The partnership utilises Iron's API-driven stablecoin infrastructure, which MoonPay acquired in March, to facilitate payments for businesses and convert crypto wallets into digital bank accounts for cross-border money transfers.