Online crypto payment company MoonPay has rolled out a new debit card based on the stablecoin system that is geared towards consumers and artificial intelligence alike. The initiative, unveiled on Friday, marks another step toward connecting onchain wallets with real-world spending.
The product, called the “MoonAgents Card,” is a virtual Mastercard debit card that lets users spend stablecoins directly from their onchain wallets.
The system automatically converts the stablecoin to fiat currency at the time of payment so that it can be used at any online merchant around the world that accepts Mastercard.
Monavate, a regulated global payments platform and a principal member of the Mastercard network, issues the card.
The system has been launched as part of a wider collaboration between MoonPay, Monavate and Exodus Movement, which provides the self-custody wallet infrastructure underpinning the system.
The move comes against the backdrop of virtual debit cards expanding quickly, with transaction amounts expected to increase by 235 percent to $17.4 trillion by 2029. Driven by rising demand for security, B2B, and subscription payments, these digital-only cards provide greater fraud protection through tokenisation, spending limits, and instant issuance for use with an online or contactless mobile wallet.
Features of the card
MoonPay highlighted that the key difference with this card is how it is built around real-time, onchain-native execution. While stablecoin debit cards already exist, most require users to preload funds or move assets offchain before they can spend. In this case, funds stay in the user’s self-custodial wallet and are only converted at the moment of purchase.
Monavate controls funding and authorisations in real time. In case of a rejected transaction, the funds will instantly be sent back to the user’s wallet.
Most importantly, custody of assets never leaves the users’ hands and users are always in full control and can revoke permissions at any time.
MoonPay founder and CEO Ivan Soto-Wright said the development reflects how quickly AI agents are evolving. “Agents are already managing wallets, executing trades, and moving value onchain. The one thing they couldn’t do was spend at a merchant. Now they can,” he said.
The card is currently available through MoonPay CLI in the UK and Latin America, with plans to expand into the U.S. and EU in the coming months. Users must complete identity verification before accessing the service.
AI agents gain ground in digital payments push
The launch comes as interest in AI-driven financial systems grows. The idea that AI agents could become major players in digital payments is catching on among industry leaders.
Many of the industry giants have backed and supported the rise of the digital payment infrastructure, aided by AI agents.
Changpeng Zhao has previously said that AI agents may eventually conduct far more transactions than humans, while Brian Armstrong had pointed out that although AI cannot open traditional bank accounts, it can easily operate crypto wallets and make transactions.
On the other hand, Stripe founder John Collison coined the term “agentic commerce,” whereby artificial intelligence conducts transactions constantly among millions of sellers using stablecoins and high-speed blockchain technology.
JP Richardson, the founder of Exodus, also remarked that current wallets have been created for humans, but not autonomous software programs. He argued that the MoonAgents Card represents an attempt to adapt financial instruments to the coming era when artificial intelligence takes part in economic processes.