MoonPay – Weekly Recap

MoonPay continued to expand its role as a digital asset infrastructure provider this week, unveiling products that target both AI-driven payments and institutional finance. The company also deepened its strategic push into bank-issued stablecoins, particularly in South Korea.

MoonPay launched MoonAgents Card, a virtual Mastercard debit product that lets users and AI agents spend stablecoins directly from self-custodied wallets at any online merchant that accepts Mastercard. Built with card issuer Monavate and integrated into MoonPay’s AI agent stack, the card converts stablecoins to fiat at the time of purchase without requiring pre-funded custodial balances.

The MoonAgents Card is managed programmatically via MoonPay CLI and MoonPay Agents, enabling controlled spending by AI agents that already execute onchain trades. Initially available in the U.K. and Latin America, with U.S. and EU launches planned, the product reinforces MoonPay’s positioning at the intersection of autonomous commerce and traditional card networks.

In Asia, MoonPay Korea secured its first major banking partner through an MOU with Woori Bank to support KRW-denominated stablecoins. Under the agreement, MoonPay Korea will provide global distribution, cross-border settlement, wallet access, and conversion infrastructure for won-backed stablecoins issued within Korea’s regulated framework.

This initiative aims to plug Korean bank-led stablecoin pilots into MoonPay’s global on/off-ramps, trading, and checkout network. The company named founding executive Bugeon Lee as Head of APAC, based in Seoul, underscoring its intent to work closely with regulators and financial institutions to make Korean stablecoins interoperable worldwide.

MoonPay also expanded into institutional services by acquiring crypto key management firm Sodot and launching MoonPay Institutional. Led by Caroline D. Pham, former acting Chair of the U.S. Commodity Futures Trading Commission, the new unit targets banks, asset managers, trading firms, and exchanges seeking secure, compliant digital asset access.

The Sodot deal brings wallet and key management technology that has secured over $50 billion in transactions and more than 10 million wallets, forming the basis of MoonPay Institutional’s security stack. The platform offers protocol-agnostic wallet infrastructure, custody, on-chain execution, collateral management, and stablecoin settlement via a single API.

MoonPay Institutional also supports white-label stablecoin issuance and cross-border settlement in more than 120 fiat currencies, allowing financial institutions to launch and manage their own stablecoins on MoonPay’s rails. Together, this week’s developments strengthen MoonPay’s position as a core infrastructure layer for both human and machine payments across consumer, banking, and institutional segments.

By advancing AI-native card payments, bank-led stablecoin ecosystems, and institutional-grade infrastructure, MoonPay appears to be consolidating its role in key growth areas of the digital asset market. Overall, the week marked a significant broadening of its product suite and geographic reach, with an emphasis on regulated, scalable payment and settlement solutions.