MoonPay Introduces AI-Enabled Stablecoin Card on Mastercard Network

MoonPay has launched a virtual debit card that enables users and AI agents to spend stablecoins directly from self-custodied on-chain wallets at merchants that accept Mastercard. The card, developed in collaboration with Monavate and Exodus Movement, Inc., utilizes real-time crypto-to-fiat conversion at checkout, allowing for seamless transactions without the need to preload funds or transfer assets off-chain.

The card is designed for programmatic use, enabling users to delegate spending permissions to AI agents. It is available to users in the UK and Latin America through MoonPay's CLI and agent workflows, with identity verification required before issuance. The system converts stablecoins to fiat at the moment of purchase while maintaining user custody, with funds accessed only when a transaction is authorized and returned immediately if a payment is declined.

The launch of the card builds on MoonPay's broader push into AI-driven payments infrastructure. The company, founded in 2019 and based in Miami, provides payment infrastructure for moving funds between fiat and digital assets. The move is part of a larger trend, with companies such as Coinbase, Tempo, and OKX also working to build infrastructure for AI-driven transactions. Non-crypto companies, including Google and Visa, are also exploring ways to connect AI agents with existing payment systems.

The development of AI-enabled payment systems has the potential to significantly impact the way transactions are conducted. As the use of AI agents becomes more widespread, it is likely that the payment infrastructure will continue to evolve to support these transactions. With the launch of MoonPay's card, users and AI agents can now spend stablecoins at millions of merchants worldwide that accept Mastercard, marking an important step forward in the integration of digital assets into traditional payment systems.