MoonPay Extends Stablecoin Virtual Accounts to New York Financial Market

New updates have been reported about MoonPay.

MoonPay has launched its Iron-powered Virtual Accounts in New York State, bringing compliant fiat-to-stablecoin infrastructure into one of the world’s most heavily regulated and influential financial markets. The move allows fintechs, brokerages, neobanks, crypto platforms, and financial institutions that operate in or serve New York-based clients to issue named virtual accounts that receive fiat via ACH, wire, or SWIFT and automatically convert incoming funds into stablecoins for settlement in non-custodial wallets.

By routing traditional payment methods into blockchain settlement through a single API, MoonPay is positioning Virtual Accounts as a tool for faster settlement, streamlined treasury operations, and cross-border money movement that reduces dependence on fragmented banking rails. The product embeds onboarding, liquidity management, banking orchestration, and payment operations, enabling enterprises to scale stablecoin-based services without building their own infrastructure.

This expansion builds on MoonPay’s 2025 acquisition of Iron and leverages its New York BitLicense, New York Limited Purpose Trust Charter, and U.S. money transmitter licenses, underscoring the company’s strategy to compete as a regulated infrastructure provider rather than a pure consumer-facing crypto service. With New York added to its coverage, MoonPay can now support enterprise platforms across major U.S. financial hubs through a unified API offering Virtual Accounts, on- and off-ramps, payouts, and stablecoin rails.

MoonPay has already demonstrated enterprise traction by integrating Iron’s stablecoin stack into Deel’s global payroll platform, enabling more than 40,000 businesses across the U.K. and E.U. to pay workers in stablecoins, and by partnering with Paysafe to extend stablecoin capabilities to a payments platform processing nearly $170 billion in annual volume. The New York launch signals rising institutional demand for programmable, globally interoperable payment systems and strengthens MoonPay’s position as a core infrastructure provider in the evolving stablecoin and digital assets ecosystem.