Today we announced a new partnership with Stables (formerly Tiiik) to power its new Mastercard prepaid card. Based in Sydney, Australia, Stables is a digital wallet that allows users to spend, send and earn stablecoins, all on one balance. With our dynamic spend controls and Just-in-Time funding capabilities, Stables’ customers will be able to convert stablecoins into fiat and spend wherever Mastercard cards are accepted online and in-store globally.
Our 2022 Consumer Money Movement survey found that 30% of Australians surveyed said they owned cryptocurrency, with 93% of consumers surveyed globally saying they held it like an asset. There’s a significant appetite for consumers to do more with their holdings – 82% of consumers surveyed globally said they would be interested if their cryptocurrency exchange offered them a debit card where they could spend cryptocurrency like dollars.
“Stables is committed to expanding what’s possible with stablecoins, giving people more flexibility and choice in their payments habits,” said Stables co-founder & CEO Erez Rachamim. “With the increasing demand for digital assets, we’re thrilled to work with Marqeta to develop a card that enables more seamless spending on everyday items.”
Learn more about Marqeta’s card issuing capabilities here.
