MoonPay has announced the upcoming launch of the MoonAgents Card, a virtual Mastercard debit card designed to allow users and AI agents to spend stablecoins directly from their onchain balances. This innovative offering is part of a broader partnership between MoonPay, Exodus, and Monavate, aiming to streamline the use of cryptocurrencies in everyday transactions.
The MoonAgents Card facilitates seamless crypto-to-fiat conversion at the point of purchase, meaning it can be used with any online merchant globally that accepts Mastercard. This initiative leverages MoonPay’s robust AI agent infrastructure and developer network, combining it with Monavate’s regulated card issuing capabilities and Mastercard’s extensive global payments network.
While stablecoin debit cards have existed, they were not specifically built for AI agents, who are becoming increasingly involved in digital commerce. The MoonAgents Card is designed to be accessed and managed programmatically via the MoonPay CLI and MoonPay Agents workflows. Unlike traditional agent card products, which require pre-loading a custodial balance or transferring funds offchain prior to spending, the MoonAgents Card allows users to delegate authority to agents to spend directly from an onchain wallet during the transaction process.
Ivan Soto-Wright, CEO of MoonPay, highlighted this breakthrough, stating, “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.” JP Richardson, CEO of Exodus, emphasized the potential of AI agents to conduct transactions rapidly across a multitude of merchants, elaborating on the vision for the future of digital payments.
The operational mechanics behind the MoonAgents Card hinge on linking a self-custodial wallet to the Mastercard virtual payment card through Monavate’s infrastructure. When a user authorizes a smart contract, it accesses their stablecoin balance for a transaction, allowing for standard card payment flows. Monavate oversees the onchain funding and card authorization in real time, ensuring that if a transaction fails, funds are instantly returned to the user’s wallet. Significantly, wallet custody remains intact, and users can revoke approval at any time.
The card is part of MoonPay’s enhanced AI-native financial stack that has been developed throughout the past year. The MoonPay CLI serves as a command-line interface for crypto payments, while MoonPay Agents enables automated AI workflows. Additionally, the Open Wallet Standard, introduced earlier this year with endorsements from multiple organizations including the Ethereum and Solana Foundations, establishes a universal framework for agents to manage value and authorize transactions across blockchains.
Currently, the MoonAgents Card is available through MoonPay CLI in the UK and LATAM, with plans to extend availability to the US and EU in the coming months. Users will need to complete identity verification before the issuance of the card.
Founded in 2019, MoonPay has quickly established itself as a leader in the global financial technology landscape, serving over 30 million customers across 180 countries. Its robust suite of services supports not just crypto payments and asset trading, but also provides on- and off-ramps for both fiat and digital assets. Monavate and Exodus, both players in the fintech and crypto space, bring additional expertise and infrastructure to this initiative, contributing to a more integrated digital economy.
