What is MoonPay’s new AI stablecoin card?

MoonPay has launched a virtual debit card that lets users and AI agents spend stablecoins directly from self-custodied wallets. The card works on Mastercard rails and converts crypto to fiat at checkout. This allows seamless payments without moving funds offchain.

How do AI agents use the MoonPay card?

Users can delegate spending permissions to AI agents, allowing them to execute transactions programmatically. The system uses smart contracts to authorise payments at the point of purchase. Identity verification is required before issuing the card.

How does the crypto-to-fiat conversion work?

When a payment is made, the system converts stablecoins into fiat in real time. Funds are only accessed at the moment of transaction approval. If a payment fails, the funds remain in the user’s wallet.

Why is this important for crypto adoption?

This removes a major friction point by allowing crypto to be spent directly without preloading or transferring funds. It bridges self-custody wallets with traditional payment networks. This could make stablecoins more practical for everyday use.

What regions currently support the MoonPay card?

The card is initially available in the UK and Latin America. These regions are often early adopters of fintech and crypto payment innovations. Expansion to other markets may follow depending on regulatory approvals.

What role do Monavate and Exodus play in this product?

Monavate provides payment infrastructure, while Exodus supports wallet integration. Together, they help connect onchain assets with traditional card systems. This enables smooth interaction between crypto wallets and Mastercard networks.

What are the key risks or limitations of this system?

Regulatory uncertainty and compliance requirements could limit expansion. There are also risks around security, smart contract execution, and AI agent permissions. Users must trust both the infrastructure and how permissions are configured.

How does this compare to competitors like Coinbase or Visa?

Companies like Coinbase, Visa, and Google are also building AI-driven payment systems. MoonPay’s approach stands out by focusing on self-custody and real-time conversion. Competition in this space is rapidly increasing.

MoonPay launches AI stablecoin card on Mastercard

Written by BloombergPublished May. 2 2026

MoonPay has launched a virtual debit card enabling users and AI agents to spend stablecoins directly from self-custodied wallets via Mastercard.

The card allows real-time crypto-to-fiat conversion at checkout, eliminating the need to preload funds or move assets offchain before making payments.

Developed with Monavate and Exodus Movement, the system uses smart contracts to authorise transactions only at the point of purchase.

The product is initially available in the UK and Latin America and is designed for programmatic use, allowing users to delegate spending permissions to AI agents after identity verification.

Funds remain in user custody until a transaction is approved, with any declined payments immediately reversing access to the assets.

The launch builds on MoonPay’s broader push into AI-enabled payments, following its release of a wallet standard that allows AI agents to hold and transact funds across blockchains.

The move comes amid growing competition, with firms including Coinbase, Visa and Google developing infrastructure to support autonomous, agent-driven financial transactions.