New updates have been reported about MoonPay (PC:MOOPX)
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MoonPay, a leader in crypto payments, has announced a significant expansion into the enterprise stablecoin market by launching a new stablecoin business. This move is part of MoonPay’s strategy to evolve into a comprehensive global payments network. The company has integrated with M0, a platform that supports the creation of application-specific stablecoins, enabling MoonPay to issue and manage digital dollars across multiple blockchains. This integration allows enterprises to deploy customized and interoperable stablecoins at scale, leveraging MoonPay’s global licensing and payments infrastructure alongside M0’s programmable platform.
MoonPay’s stablecoin initiative targets key markets in the United States, Asia, and Latin America, offering enterprises immediate access to stablecoin solutions through its extensive distribution network. This network includes products for buying, selling, swapping, depositing, and checkout, providing real-world utility for stablecoins. The recent acquisition of Iron has further strengthened MoonPay’s capabilities, allowing it to cover the entire stablecoin value chain. To lead this initiative, MoonPay has appointed Zach Kwartler, formerly of Paxos, as Head of Stablecoins, and Derek Yu as Treasurer. These strategic hires underscore MoonPay’s commitment to delivering high-quality, enterprise-grade stablecoin solutions. As MoonPay continues its transformation into a global crypto payments network, its broad licensing, open infrastructure, and deep product integration offer a robust foundation for enterprises to manage and distribute stablecoins worldwide.