MoonPay has officially launched its enterprise stablecoin services, marking a significant step in its transformation into a comprehensive global payments network. This initiative includes a strategic integration with M0, a platform designed to empower the creation of application-specific stablecoins. This collaboration will allow MoonPay to issue and manage fully reserved digital dollars across various blockchain networks.
The integration aims to equip enterprises with the necessary tools to create customized and interoperable stablecoins at scale. By leveraging MoonPay’s extensive global licensing and payments network in conjunction with M0’s open, programmable stablecoin platform, businesses can swiftly and securely introduce stablecoin solutions to the market.
MoonPay is focusing its efforts on establishing partnerships with enterprises in key regions, including the United States, Asia, and Latin America. The stablecoins generated via MoonPay will be available across its wide-ranging global distribution network, which encompasses a variety of functions including buying, selling, swapping, depositing, and checkout products. This ensures immediate access to real-world utility for users.
With the advantages gained from its acquisition of Iron, MoonPay is positioned to manage the entire value chain involved in stablecoin operations: from issuance and transaction ramps to swaps and payments. This development allows a variety of players—including enterprises, fintech firms, wallets, and payment service providers—to rely on MoonPay to seamlessly weave stablecoins into their operations.
Ivan Soto-Wright, CEO and co-founder of MoonPay, emphasized the significance of this partnership with M0, stating that it accelerates their mission to transform global financial transactions. By merging M0’s open and verifiable technology with MoonPay’s trusted infrastructure, the initiative aims to make stablecoin issuance both instant and accessible for every business globally.
Luca Prosperi, CEO and co-founder of M0, highlighted MoonPay’s role in providing essential stablecoin infrastructure, spanning on and off ramps, payments, and custom issuance. He described M0 as creating an open, multi-issuer platform for programmable and interoperable digital dollars. MoonPay’s participation is expected to enhance M0’s capacity to offer the necessary infrastructure for crypto, fintech, and institutional developers worldwide.
To spearhead this enterprise stablecoin initiative, MoonPay has appointed Zach Kwartler as the Head of Stablecoins. Kwartler’s previous experience at Paxos, where he developed white-label stablecoin and crypto infrastructure products for well-known platforms such as PayPal and Mercado Libre, positions him as a strong asset for this new role. MoonPay also recently added Derek Yu as Treasurer, who will oversee cash, liquidity, and stablecoin operations. Yu, also a former Paxos executive, brings over a decade of audit and treasury expertise to the company.
Soto-Wright remarked on the transformative potential of stablecoins as one of the most practical applications of blockchain technology. He expressed confidence that Kwartler’s background in building compliant and scalable stablecoin products would be vital as MoonPay rolls out top-tier enterprise solutions for its partners around the globe.
Overall, this stablecoin initiative is part of MoonPay’s broader evolution into a global crypto payments network. Recent acquisitions of companies like Meso, Helio, and Iron have broadened MoonPay’s connectivity across banks, card networks, stablecoins, and blockchains, all within a unified framework. With its wide-ranging licensing, open stablecoin infrastructure, and deep product integration, MoonPay is poised to provide enterprises with a compliant and comprehensive foundation for managing and distributing stablecoins worldwide.
