Consensys’ popular crypto wallet MetaMask is launching a payment card through a partnership with Mastercard, the two companies said Thursday.
“Unlike most traditional crypto cards, which are custodial and require users to pre-load funds onto an exchange account, MetaMask Card is fully self-custodial,” Consensys said. “Users retain control of their digital assets in their MetaMask wallet until the moment they pay.”
MetaMask’s card, like its versions available in the UK and EU, is powered by Baanx, now known as Monavate, and can be used wherever Mastercard is accepted. The cards are also Apple Pay and Google Pay compatible, Consensys said.
“MetaMask shares our vision of empowering people to spend their crypto balances securely and seamlessly,” Mastercard’s Global Head of Digital Commercialization Sherri Haymond said.
Users of the card will be able to earn cashback rewards on purchases that are paid out in MetaMask’s mUSD stablecoin. Standard cardholders earn 1%, while premium users can earn up to 3% on the first $10,000 spent during a year.
MetaMask stablecoin mUSD
MetaMask’s stablecoin mUSD is issued by Bridge, a Stripe-owned stablecoin issuance platform, and minted via M0’s decentralized infrastructure. The stablecoin is backed 1:1 by “high-quality, highly liquid dollar-equivalent assets,” according to Consensys.
Crypto-native payment cards have seen rapid adoption as of late, with daily transactions surging since December 2024. The growth trajectory reflects increasing demand for practical crypto spending solutions.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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