While stablecoins are typically lumped in with the broader crypto-sphere, a more apt description is an update to payments and transfer rails. Stablecoins may provide immediate settlement, at a lower cost, with more security than traditional payments rails.
In an announcement today that reflects this reality, Mastercard (NYSE:MS) revealed it will be partnering with Moonpay, a provider of a digital wallet and crypto trading that enables payments, boasting more than 30 million accounts, operating in 180+ countries, supporting over $9 billion in value transfer.
The partnership is expected to provide every crypto wallet with a stablecoin-powered Mastercard, thus allowing payments at more than 150 million businesses.
Moonpay recently shared that Q1 2025 was their strongest quarter ever. Transaction volume reportedly increased 123% quarter-over-quarter, while net revenue grew 43% quarter-over-quarter, surpassing the full-year results of 2023 and delivering higher cash profitability than all of 2024.
Moonpay continues to expand its services and markets including being approved under EU rules or MiCA.
