Begin by placing your softened cream cheese in a medium-sized mixing bowl. Using a hand mixer, whip the cream cheese on medium speed for about 2-3 minutes until it becomes light and fluffy.

Next, set up a food processor fitted with the grating attachment. Add your pepperoni slices and run the processor on high speed for roughly 30-60 seconds, until finely grated.

Gently fold the grated pepperoni into the whipped cream cheese using a spatula for about 1-2 minutes until well incorporated.

Transfer your Pepperoni Cream Cheese Spread to a serving dish. You can serve it at room temperature immediately or chill it in the fridge for about 30 minutes before serving.