MoonPay has officially launched its enterprise stablecoin business, a strategic move aimed at transforming its operations into a comprehensive global payments network. This expansion is bolstered by a new integration with M0, an open infrastructure designed to support developers of application-specific stablecoins.
The newly formed alliance enables MoonPay to issue and manage fully reserved digital dollars across various blockchains. This capability provides partners with essential tools to launch customized and interoperable stablecoins at scale. Furthermore, stablecoins issued through MoonPay will be accessible within its extensive global distribution network, which encompasses a range of financial services, including buying, selling, swapping, depositing, and checking out. This wide availability ensures immediate access and real-world utility for users.
MoonPay’s recent acquisition of Iron enhances its comprehensive coverage of the entire stablecoin value chain. This includes facets such as issuance, ramps, swaps, and payments, allowing for a more streamlined and efficient process throughout the stablecoin lifecycle.
Ivan Soto Wright, co-founder and CEO of MoonPay, emphasized the importance of this partnership, stating, “Partnering with M0 accelerates our mission to redefine how money moves globally. By combining open, verifiable technology with MoonPay’s trusted infrastructure, we’re making stablecoin issuance instant and accessible to every business on the planet.”
Luca Prosperi, co-founder and CEO of M0, remarked on the significance of the integration, noting that it positions MoonPay as a pivotal provider of stablecoin infrastructure. He highlighted that M0 is developing an open, multi-issuer, programmable, and interoperable digital dollar platform, and MoonPay’s participation accelerates the delivery of crucial infrastructure to the global crypto, fintech, and institutional sectors.
In related developments, MoonPay has appointed Zach Kwartler as the head of Stablecoins to spearhead its enterprise stablecoin initiatives. Kwartler previously worked at Paxos, where he successfully built and scaled white-label stablecoin and cryptocurrency infrastructure products that serve prominent platforms such as Interactive Brokers, Mercado Libre, and PayPal.
The launch of MoonPay’s enterprise stablecoin business heralds a new era for both the company and the broader financial technology landscape, signaling increased accessibility and a versatile approach to digital asset management.
