MoonPay Expands Stablecoin Infrastructure to New York Market

MoonPay has officially launched its fiat-to-stablecoin virtual account services in New York, providing businesses with a streamlined mechanism to convert traditional currency into digital assets. The expansion allows firms to utilize bank rails such as ACH and SWIFT to convert incoming funds into stablecoins, which are then settled directly to non-custodial wallets. This infrastructure, powered by technology from MoonPay's 2025 acquisition of Iron, eliminates the need for prefunding across multiple jurisdictions. By issuing named, dedicated accounts, the platform enables payment, trading, and treasury flows without relying on multiple intermediaries. To operate in the highly regulated New York environment, MoonPay secured a BitLicense, money transmitter licenses, and a limited purpose trust charter from the New York State Department of Financial Services in 2025. The company has already integrated these capabilities with platforms including Deel and Paysafe to extend its stablecoin infrastructure across payroll and payment networks. This move aligns with a broader industry shift toward stablecoin integration. Recent developments include Nium's partnership with Coinbase for USDC payments and Visa's stablecoin settlement run rate reaching $4.6 billion as of December 2025. Additionally, Mastercard's $1.8 billion acquisition of BVNK underscores the push to merge traditional payment rails with blockchain technology. With the total stablecoin market capitalization currently estimated at $320 billion, the integration of programmable payments and faster settlement times is becoming a priority for global fintechs and card networks seeking to reduce reliance on legacy cross-border systems.