MoonPay has announced the MoonAgents Card, a virtual Mastercard debit card enabling both users and AI agents to spend stablecoins directly from their on-chain balances at any online merchant that accepts Mastercard.
Developed using Monavate's regulated card issuing infrastructure and Mastercard's global payments network, the card is designed for programmatic access. This allows AI agents to initiate transactions without requiring users to preload custodial funds or move assets off-chain.
The launch accelerates the race among crypto firms to empower AI agents with financial capabilities. Coinbase introduced its Agentic Wallets in February, enabling autonomous agents to spend, earn, and trade on-chain. Telegram's TON ecosystem also launched Agentic Wallets this week, allowing AI agents to manage dedicated wallets through Telegram.
MoonAgents Card is part of MoonPay's broader strategy. In March, the company launched the Open Wallet Standard, an open-source framework backed by PayPal, Circle, the Ethereum Foundation, Solana Foundation, and Base.
Under MoonPay's model, users link a self-custodial wallet to the Mastercard virtual card. The user authorizes a smart contract to access stablecoin balances at purchase, while Monavate handles on-chain funding and card authorization in real time. MoonPay states that custody remains with the user, approvals can be revoked, and declined funds return instantly.
MoonPay CEO Ivan Soto Wright noted that while agents already manage wallets and execute trades, they lacked a means to spend at physical or online merchants. MoonPay reports its CLI has processed over 4 million tool calls, with adoption accelerating rapidly.