Mastercard has launched a stablecoin-focused partnership with cryptocurrency payments FinTech MoonPay. The collaboration will allow consumers and businesses to send and receive stablecoin payments across global markets. Companies and FinTechs will be able to employ Mastercard-branded cards linked to users’ stablecoin balances, allowing cardholders to spend their stablecoins, which will simultaneously be converted to fiat currency, at more than 150 million locations where Mastercard is accepted around the world. “By providing solutions that unlock stablecoin utility and ubiquity, we are redefining how money moves globally and driving a shift in payments as we know it,” Scott Abrahams, executive vice president, Global Partnerships at Mastercard, said. T he partnership will leverage the API-driven stablecoin infrastructure from Iron, acquired by MoonPay in March, to facilitate stablecoin transactions, turning “crypto wallets into new digital bank accounts for seamless global transactions.” This will let businesses, neobanks, and other payment participants manage payouts and disbursements more efficiently, improving cross-border money transfers, and help businesses offer stablecoin-based payouts to gig workers, contractors and creators.