Mastercard is working with Moonpay in the latest crypto card business

Moonpay has partnered with MasterCard to allow users to use stablecoins at more than 150 million merchants around the world, the company announced on Thursday.

The integration means that users of “Every Crypto Wallet” will be able to access virtual mastercards that pull directly from their stableco -balance. The cards can be used at any grocery store in MasterCard’s network.

The rolling comes in the midst of a wider trend. Last month, MasterCard revealed end-to-end stablecoin capabilities as it moves deeper into the cryptocurrency economy and collaborated with OKX to launch a debit card with the exchange.

Similarly, the Crypto Exchange Kraken collaborated with MasterCard to let its users in the UK and Europe spend their cryptocurrency at any grocer in the payment giant’s network.

Earlier this year, Mastercard also began supporting tokenized assets in the real world (RWAs) on its network through a partnership with Ondo Finance offering tokenized US Treasury forms.

Update (May 15, 14:00 UTC): Updates heading.

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