The move pushes MoonPay deeper into stablecoin infrastructure, giving issuers a ready-made stack for launching fully backed digital dollars across multiple chains.
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Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0.
The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay on Thursday. The rollout marks MoonPay’s expansion from a fiat-to-crypto on-ramp to a full-stack stablecoin infrastructure, covering issuance, ramps, swaps and payments.
“By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance,” said Luca Prosperi, co-founder and CEO of M0, a platform powering builders of application-specific stablecoins.
The initiative will be led by Zach Kwartler, MoonPay’s new head of stablecoins, who previously helped build Paxos’ white-label stablecoin products, while former Paxos treasurer Derek Yu will oversee cash, liquidity and stablecoin operations.
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As MoonPay pivots into the stablecoin infrastructure space, it’s entering a crowded field. Since the passage of the US in July, the number of stablecoin issuers has been growing and battling for market share.
In September, when the decentralized finance (DeFi) perpetual futures exchange Hyperliquid announced it was seeking an (HYPE), proposals came pouring in from , Frax Finance, Agora, Sky, OpenEden, Bitgo and Curve.
Ultimately, the , a startup created by crypto investor Max Fiege, former Uniswap Labs president Mary-Catherine Lader and researcher Anish Agnihotri, solely for the purpose of issuing HYPE.
Another MoonPay competitor is Fireblocks, which provides tokenization and minting infrastructure that lets banks and fintechs issue and manage their own .
In October, the company by acquiring Dynamic, a provider of enterprise-focused wallets.
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