MoonPay Launches Virtual Debit Card Enabling AI Agents to Spend Stablecoins at Mastercard Merchants

Crypto payments provider MoonPay announced Friday that it has created a virtual debit card allowing AI agents—autonomous software programs that can act on behalf of users—to make purchases using stablecoins at any online merchant that accepts Mastercard.

The product, called the MoonAgents Card, converts crypto to fiat currency at the point of purchase, removing a step that can impede the move from decentralized finance to everyday commerce.

"Agents are already managing wallets, executing trades, and moving value on-chain," said MoonPay founder and CEO Ivan Soto-Wright, in a statement. "The one thing they couldn't do was spend at a merchant. Now they can."

The card is being launched through a partnership with Monavate, a regulated payments infrastructure provider, and Exodus, a self-custody wallet company. The announcement reflects a broader push by fintech companies to build financial plumbing suited for a future in which AI systems, not just humans, are initiating and completing transactions.

Unlike some competing products that require users to pre-load funds into a custodial account before spending, MoonAgents Card allows agents to spend directly from an on-chain wallet at the moment of the transaction. Wallet custody is never transferred, and users can revoke agent access at any time.

"AI agents are going to transact constantly, at machine speed, across millions of merchants. Exodus has spent a decade building self-custodial wallets for people," said Exodus co-founder and CEO JP Richardson, in a statement. "MoonAgents Card extends that infrastructure to agents, letting them spend directly from an on-chain wallet. The wallets and cards that work for that future look nothing like what exists today—and we're building for that future."

The company said momentum around its developer tools has been significant. MoonPay CLI, the command-line interface underpinning the product, has processed more than 4 million tool calls since launch—with the first million taking 30 days and the second million taking just seven.

The card is currently available in the United Kingdom and Latin America, with expansion to the United States and European Union planned in the coming months. Identity verification is required before a card can be issued.

(Disclaimer: MoonPay Ventures is an investor in Dastan, parent company of an editorially independent Decrypt.)