MoonPay Expands Stablecoin Virtual Accounts to New York
Cointelegraph
MoonPay has launched fiat-to-stablecoin virtual accounts in New York, enabling businesses to convert bank funds directly into stablecoins via a single API.Summary
MoonPay has introduced fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert funds from banking rails like ACH and SWIFT into stablecoins for settlement in non-custodial wallets. Utilizing technology from its 2025 acquisition of Iron, the service enables streamlined payment and treasury flows without prefunded balances. MoonPay secured the necessary regulatory approvals, including a BitLicense and a New York limited purpose trust charter, to operate in this strictly regulated market. This expansion aligns with a broader industry trend of integrating blockchain infrastructure with traditional finance to improve cross-border transaction efficiency.
(Source：Cointelegraph)