Mastercard has partnered with MoonPay to launch stablecoin cards, allowing users to make payments in stablecoins at over 150 million merchants globally. This initiative marks a significant step in Mastercard's ongoing efforts to expand its cryptocurrency services. The partnership follows other collaborations, including those with OKX and Nuvei, aimed at creating a comprehensive ecosystem for crypto payments. Stablecoins, known for their price stability, are increasingly used in crypto trading and as payment mediums. The announcement comes amidst a competitive landscape, with Visa also piloting stablecoin services in several Latin American countries. Regulatory challenges persist, as the SEC recently provided guidance that left questions about certain types of stablecoins unresolved. Nevertheless, Mastercard's move signals confidence in stablecoin use for remittances and cross-border transactions.

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