MoonPay has launched an enterprise stablecoin business, partnering with M0 to enable companies to issue and manage digital dollars across multiple blockchains, the company announced.
The integration with M0's open stablecoin infrastructure allows MoonPay to offer enterprises the ability to deploy customized, fully reserved stablecoins at scale. The service targets partners in the United States, Asia, and Latin America, according to the company.
Stablecoins issued through the platform will be accessible across MoonPay's existing distribution network, which includes buying, selling, swapping, depositing, and checkout services. Combined with capabilities from MoonPay's recent acquisition of Iron, the company now offers what it describes as full-stack infrastructure spanning issuance, on-ramps, swaps, and payments.
"By combining open, verifiable technology with MoonPay's trusted infrastructure, we're making stablecoin issuance instant and accessible to every business on the planet," said Ivan Soto-Wright, CEO and co-founder of MoonPay, in a statement .
MoonPay said it appointed Zach Kwartler as head of stablecoins to lead the initiative. Kwartler previously worked at Paxos, where he developed white-label stablecoin and crypto infrastructure products for platforms including PayPal, Interactive Brokers, and Mercado Libre. The company also recently hired Derek Yu as treasurer from Paxos to oversee cash, liquidity, and stablecoin operations.
"M0 is building an open, multi-issuer, programmable, and interoperable digital dollar platform, and MoonPay's participation accelerates our ability to deliver the infrastructure that crypto, fintech, and institutional builders need worldwide," said Luca Prosperi, CEO and co-founder of M0.
The stablecoin business represents the latest expansion for MoonPay, which has recently acquired Meso, Helio, and Iron as part of a broader push to build a global crypto payments network connecting banks, card networks, stablecoins, and blockchains.
