MoonPay Launches Stablecoin Debit Card for AI Agents on Mastercard Network

TLDR

• MoonPay launched MoonAgents Card for AI agents and users to spend stablecoins from onchain wallets.
• The virtual debit card works on Mastercard’s network through regulated payments platform Monavate.
• MoonAgents Card converts stablecoins into fiat at the point of payment for online merchants.
• The card is available through MoonPay CLI in the UK and Latin America before wider rollout.
• MoonPay says wallet custody remains with users and approvals can be revoked anytime.

MoonPay has launched MoonAgents Card, a virtual stablecoin debit card designed to let users and AI agents spend directly from onchain wallets at merchants that accept Mastercard.

The card converts stablecoins into fiat at the point of payment and is issued through Monavate, a regulated global payments platform and principal Mastercard network member. The product is part of a card issuance agreement between MoonPay, Monavate, and self-custodial wallet provider Exodus Movement.

MoonPay said the card is designed for a market where AI agents increasingly manage wallets, execute transactions, and interact with digital finance tools. Unlike many existing crypto debit cards, MoonAgents Card does not require users to preload funds or move assets offchain before spending.

MoonAgents Card Uses Onchain Wallet Funding

MoonAgents Card links a self-custodial wallet to a Mastercard virtual card through Monavate’s infrastructure. When a payment is made, stablecoins are converted into fiat at the point of sale.

MoonPay said Monavate manages onchain funding and transaction authorization in real time. If a payment is declined, funds are returned to the wallet immediately.

The company also said wallet custody is not transferred during the process. Users retain control of their assets, and approvals can be revoked.

The product is currently available through MoonPay CLI in the United Kingdom and Latin America. MoonPay plans to expand access to the United States and European Union in the coming months. Users must complete identity verification before receiving the card.

AI Agents Become Payment Users

MoonPay CEO Ivan Soto-Wright said AI agents are already managing wallets, trading, and moving value onchain, but previously lacked a direct way to spend at merchants.

The product is being launched as more companies prepare for agentic commerce, where automated software agents can make payments, buy services, and manage transactions on behalf of users or businesses.

Crypto industry leaders have said AI agents may become major users of blockchain payments because they can hold crypto wallets but cannot open traditional bank accounts. Stablecoins and fast blockchain networks are viewed as possible tools for machine-speed transactions.

Exodus CEO JP Richardson said the product extends self-custodial wallet infrastructure to AI agents, allowing them to spend directly from onchain wallets.

MoonPay Expands Institutional Infrastructure

The card launch follows MoonPay’s acquisition of Sodot and the launch of MoonPay Institutional, a digital asset infrastructure platform aimed at financial institutions.

Sodot specializes in self-hosted multi-party computation and trusted execution environment technology for secure key management. Before the acquisition, Sodot had secured more than $50 billion in transactions and protected over 10 million wallets.

MoonPay Institutional includes wallet infrastructure, custody through MoonPay Trust Company, trade execution, cross-chain collateral mobility, OTC and DeFi liquidity access, stablecoin issuance, and cross-border settlement tools.

The platform supports more than 200 chains and protocols, including Ethereum, Solana, Base, Arbitrum, and Hyperliquid. It also supports settlement across more than 120 fiat currencies.

MoonPay’s broader payments network connects merchants, wallets, and applications, while its stablecoin and card products place the company deeper into crypto payments, institutional services, and AI-driven commerce.

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