MoonPay, a front-runner in the crypto payments landscape, unveiled its new enterprise stablecoin business, marking a significant step in its evolution as a global payments network. This initiative includes a partnership with M0, an open infrastructure designed specifically for developers of application-specific stablecoins. This integration allows MoonPay to issue and manage fully reserved digital dollars across various blockchains, equipping enterprises with the necessary tools to create customized and interoperable stablecoins at scale.
By merging MoonPay’s extensive global licensing and payments infrastructure with M0’s advanced stablecoin platform, the collaboration ensures that enterprises can swiftly and securely bring stablecoin solutions to market. Targeting key markets such as the United States, Asia, and Latin America, MoonPay aims to make its stablecoin offerings accessible through its extensive distribution network, which encompasses buy, sell, swap, deposit, and checkout products. This allows for immediate access and tangible utility for users.
With the recent acquisition of Iron, MoonPay now encompasses the entire value chain—from issuance and ramps to swaps and payments—positioning itself as a comprehensive infrastructure partner for enterprises, fintechs, wallets, and payment service providers.
“Partnering with M0 accelerates our mission to redefine how money moves globally,” remarked Ivan Soto-Wright, CEO and co-founder of MoonPay. He emphasized that the combination of open and verifiable technology with MoonPay’s trusted infrastructure makes stablecoin issuance instantaneous and widely available for businesses globally.
Luca Prosperi, CEO and co-founder of M0, explained that integrating with the M0 platform allows MoonPay to become a pivotal provider of stablecoin infrastructure, enhancing on/off ramps, payments, and custom issuance capabilities. The project aims to create an open, multi-issuer, programmable, and interoperable digital dollar platform, providing vital infrastructure needed by crypto, fintech, and institutional builders worldwide.
To spearhead this new stablecoin initiative, MoonPay has appointed Zach Kwartler as the Head of Stablecoins. Bringing experience from Paxos, where he developed and scaled stablecoin infrastructure products for prominent platforms, Kwartler is tasked with steering MoonPay toward delivering high-quality enterprise-grade stablecoin solutions. Additionally, Derek Yu has been named Treasurer, overseeing cash, liquidity, and stablecoin operations, enhancing the team’s expertise with over a decade of relevant experience.
Soto-Wright noted, “Stablecoins are one of the most practical and transformative applications of blockchain technology,” highlighting the crucial role Kwartler’s experience will play in ensuring the delivery of secure and scalable solutions.
This new stablecoin initiative builds upon MoonPay’s ongoing transformation into a comprehensive global crypto payments network. The company’s prior acquisitions of Meso, Helio, and Iron have significantly enhanced its ability to integrate banks, card networks, stablecoins, and blockchains under a single framework.
MoonPay now stands out with its broad global licensing, open stablecoin infrastructure, and robust integration across its products, providing enterprises with a compliant foundation for managing and distributing stablecoins on a global scale.
With a focus on simplifying access to buy, sell, and trade cryptocurrency using everyday payment methods, MoonPay continues to bridge the gap between traditional finance and the blockchain ecosystem. Serving over 30 million customers and powering services for nearly 500 companies, MoonPay is recognized as a vital player in the drive toward mainstream crypto adoption. The company is licensed in the U.S. and regulated in several international markets, ensuring enterprise-grade security throughout its offerings.
