MoonPay has unveiled its new fiat-to-stablecoin virtual accounts in New York, a move aimed at facilitating the conversion of incoming funds from traditional banking systems like ACH and SWIFT into stablecoins. This innovative service enables businesses to settle transactions directly to non-custodial wallets through a single API integration. The product is powered by technology provider Iron, which has partnered with MoonPay, allowing platforms to issue named, dedicated accounts that automatically convert fiat into stablecoins.
This strategic rollout follows MoonPay’s acquisition of Iron in 2025 and is set to enhance collaborations with existing platforms such as Deel and Paysafe. The launch significantly expands MoonPay’s stablecoin infrastructure in payroll and payments networks, coinciding with the company’s acquisition of essential licenses including a BitLicense and a money transmitter license from the New York State Department of Financial Services.
By securing a New York limited purpose trust charter, MoonPay is positioned to operate in a highly regulated crypto market, providing businesses with an efficient and compliant solution for managing funds. The new accounts not only allow for faster settlements but also link traditional banking mechanisms with blockchain technology, enabling innovative programmable payments.
Max von Wallenberg, CEO of Iron, emphasized that establishing services in New York targets institutional clients situated in one of the most significant global financial hubs. He noted, “New York is the center of global finance — where the largest banks, asset managers and enterprises operate… Being able to operate here signals we meet the highest regulatory and operational standards.”
There is a growing demand for this product in other jurisdictions, driven by enterprise applications such as payroll, treasury management, and cross-border payments. Tokenized real-world asset issuers also benefit from these fiat-to-stablecoin settlement flows, underscoring the versatility and necessity of such solutions.
The trend of integrating stablecoins into payment systems continues to gain momentum among major payment companies and fintech firms. On Tuesday, Singapore-based fintech Nium announced a new integration allowing USDC payments through Coinbase, enabling businesses to send, receive, and effortlessly convert stablecoins to fiat in over 190 countries. This setup streamlines cross-border transactions, reducing the need for prefunded accounts across various jurisdictions.
Card networks are also embracing the stablecoin trend. Earlier this year, Visa and Stripe-owned Bridge introduced stablecoin-linked cards in more than 100 countries and are exploring on-chain settlement methods for transactions, which would allow for digital asset settlements instead of traditional fiat.
As of December 2025, Visa’s annualized stablecoin settlement run rate had reached an impressive $4.6 billion, according to company statements. Meanwhile, Mastercard has been proactive in expanding its capabilities in this area, agreeing to acquire BVNK in a deal valued at up to $1.8 billion, a strategic move aimed at bolstering its connections between traditional and blockchain-based transactions.
Current data indicates that the total market capitalization of stablecoins stands at approximately $320 billion, highlighting their growing importance in the financial ecosystem.
