MoonPay has officially launched a new enterprise stablecoin business in collaboration with M0, a move expected to revolutionize how companies issue and manage digital dollars across various blockchain platforms. This partnership enables MoonPay to leverage M0’s open stablecoin infrastructure, which facilitates the deployment of customized, fully reserved stablecoins on a large scale.
Targeting enterprises in key markets across the United States, Asia, and Latin America, this initiative allows businesses to issue stablecoins that can be seamlessly integrated into MoonPay’s existing distribution network. This network covers a comprehensive range of services, including buying, selling, swapping, depositing, and checkout.
With the addition of capabilities from MoonPay’s recent acquisition of Iron, the company now boasts a full-stack infrastructure that encompasses stablecoin issuance, on-ramps, swaps, and payment solutions. Ivan Soto-Wright, CEO and co-founder of MoonPay, expressed enthusiasm about this development, stating, “By combining open, verifiable technology with MoonPay’s trusted infrastructure, we’re making stablecoin issuance instant and accessible to every business on the planet.”
To spearhead the stablecoin initiative, MoonPay has appointed Zach Kwartler as its head of stablecoins. Kwartler brings valuable experience from his tenure at Paxos, where he was instrumental in developing white-label stablecoin and crypto infrastructure products for major platforms such as PayPal, Interactive Brokers, and Mercado Libre. Additionally, the company has brought on Derek Yu as treasurer from Paxos to manage cash, liquidity, and stablecoin operations.
Luca Prosperi, CEO and co-founder of M0, commented on the partnership’s significance, stating, “M0 is building an open, multi-issuer, programmable, and interoperable digital dollar platform, and MoonPay’s participation accelerates our ability to deliver the infrastructure that crypto, fintech, and institutional builders need worldwide.”
This venture represents the latest strategic expansion for MoonPay, which has recently acquired Meso, Helio, and Iron as part of its initiative to develop a comprehensive global crypto payments network that connects banks, card networks, stablecoins, and blockchains.
