MoonPay, a leading global crypto payments network, has introduced Virtual Accounts powered by Iron, specifically tailored for New York State. This move allows fintech companies, crypto platforms, neobanks, brokerages, and other financial institutions to integrate a compliant fiat-to-stablecoin infrastructure, catering to businesses and end users either located in New York or interacting with entities based there.
The initiative follows MoonPay’s acquisition of Iron in 2025, a platform recognized for its enterprise-grade, API-first stablecoin infrastructure. Virtual Accounts enable financial platforms to create named, dedicated accounts for end users, facilitating the reception of fiat funds through various local and international payment methods, including ACH, Wire, and SWIFT. Incoming funds can then be seamlessly converted into stablecoins and settled directly into users’ non-custodial wallets. This capability links traditional payment processes with blockchain-based settlements via a single API, enhancing the flow of fiat-to-stablecoin transactions across payments, trading, and global money mobility.
Max von Wallenberg, CEO of Iron, emphasized the significance of offering this product in New York, noting its importance in integrating stablecoin infrastructure into a pivotal global financial ecosystem. He stated that platforms can now effectively provide Virtual Accounts and fiat-to-stablecoin functionalities, thereby enhancing customer experiences and expanding service offerings.
For businesses, the new system promises quicker settlement times, reduced dependence on fragmented banking models, and the implementation of programmable, globally interoperable payment experiences. Iron has enhanced its platform to include features like onboarding, liquidity and banking orchestration, and payment operations, enabling enterprises to scale without any additional operational burdens.
The launch is especially noteworthy given New York’s dense concentration of financial institutions, asset managers, and fintechs, alongside its well-respected regulatory environment. MoonPay joins a select group of providers within the state that offer Virtual Accounts, ensuring scalable and compliant access to stablecoin infrastructure for a variety of platforms.
This announcement aligns with the increasing enterprise demand for stablecoin-based payment systems. MoonPay has already demonstrated the utility of Iron’s infrastructure by integrating it into Deel, a global payroll and HR platform, allowing over 40,000 businesses primarily in the UK and EU to facilitate payments to workers in stablecoins. Additionally, MoonPay is collaborating with Paysafe to enhance stablecoin capabilities for a platform that processes around $170 billion in annual transactions.
With the addition of New York to its roster of operational jurisdictions for Virtual Accounts, MoonPay is well-equipped to support enterprise platforms across the U.S. financial markets. Customers can utilize a unified API to access a range of services including Virtual Accounts, fiat on- and off-ramps, payouts, and stablecoin rails. These offerings are grounded in MoonPay’s extensive licensing and compliance framework.
MoonPay, established in 2019, has rapidly become a crucial player in the financial technology landscape, boasting over 30 million customers across 180 countries and supporting more than 500 enterprise customers in the crypto and fintech sectors. The company’s services bridge traditional finance and digital assets, maintaining a wide-ranging regulatory presence, including a New York BitLicense and Limited Purpose Trust Charter, as well as money transmitter licenses throughout the U.S. and MiCA authorization in the EU.
In the evolving world of digital finance, MoonPay continues to pave the way for value transfers across fiat and digital assets.
