Moonpay launches new enterprise stablecoin division and integrates with M0 to provide enterprises with customizable digital dollars across multiple blockchains.
Moonpay builds payment network with new stablecoin sector
Moonpay on Thursday announced its enterprise stablecoin service as part of its broader transition to a global payments network, according to a release shared with Bitcoin.com News.
The announcement said the company’s integration with M0 will enable the issuance and management of fully reserved digital dollars, giving businesses the tools to deploy application-specific, interoperable stablecoins at scale. According to the company, Moonpay’s global license rollout combined with M0’s open and programmable infrastructure will enable companies to bring stablecoin products to market faster.
The company noted that stablecoins issued through Moonpay will also be accessible across the company’s global distribution base, from purchasing, selling, exchanging, depositing and checking out products. Moonpay further said that the new service is based on the capabilities gained from the Iron acquisition, allowing partners to issue, ramp, swap and pay in one stack.
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Moonpay has revealed that it plans to target corporate partners in the US, Asia, and Latin America. Its stablecoin infrastructure supports fintech platforms, wallets, and payment service providers looking to incorporate stablecoin functionality into the core of their operations. Ivan Soto-Wright, CEO and co-founder of Moonpay, explained that the integration of M0 advances the company’s goal of modernizing global money transfers.
M0 CEO Luca Prosperi added that the partnership positions Moonpay as a leading provider of multi-issuer programmable stablecoin infrastructure. M0 describes its platform as an open and interoperable system designed to support application-specific digital funding across a variety of construction companies and institutions.
As part of the expansion, MoonPay also appointed former Paxos executive Zack Kwartler as head of stablecoins. Mr. Kwartler previously helped develop and scale white-label stablecoin products used by platforms such as Paypal, Interactive Brokers, and Mercado Libre. The company also appointed former Paxos treasurer Derek Yu as its new treasurer to oversee cash, liquidity and stablecoin operations.
Moonpay said the launch follows its acquisitions of Meso, Helio and Iron and is in line with its broader plan to operate a unified global cryptocurrency payments framework. Covers licenses across major markets and provides integrated productsAdditionally, the company says it is now providing businesses with an end-to-end infrastructure to issue and distribute stablecoins around the world.
Frequently asked questions ❓
- What did Moonpay launch?Moonpay has introduced an enterprise stablecoin service, allowing businesses to issue and manage digital dollars.
- How can M0 integration help businesses?We provide a programmable and interoperable infrastructure for custom stablecoins across multiple blockchains.
- Who leads Moonpay’s stablecoin division?Former Paxos executive Zach Kwartler has been named head of the stablecoin.
- • Which regions will Moonpay target first?This expansion is focused on the United States, Asia, and Latin America.
