MoonPay Launches Stablecoin Issuance Amid Growing Global Demand

MoonPay, the New York–based crypto payments firm, is making a major move into the stablecoin market with the launch of a new issuance and management service designed for enterprise clients. The initiative comes amid surging global interest in dollar-pegged digital assets, driven by fresh U.S. regulatory clarity and growing institutional adoption.

Leveraging its network of money transmitter licenses, MoonPay plans to offer stablecoin issuance across all U.S. states and extend services to clients in Asia and Latin America. According to Zach Kwartler, the company’s newly appointed head of stablecoins, the platform will support multiple blockchains, giving businesses more flexibility to manage digital payments securely and efficiently.

Stablecoins—cryptocurrencies tied to traditional currencies such as the U.S. dollar—have become increasingly popular among fintech firms and banks seeking faster, lower-cost transaction options. The sector has drawn significant players like Visa, Mastercard, Stripe, and Citigroup, each exploring new use cases for digital settlements. In a recent sign of momentum, Stripe acquired stablecoin infrastructure startup Bridge in a $1.1 billion deal.

Founded in 2019, MoonPay has built a reputation for simplifying the transition between fiat and cryptocurrencies, serving as a bridge between investors, exchanges, and decentralized finance platforms. The company is reportedly exploring a new funding round that could push its valuation beyond the $3.4 billion mark achieved in 2021.

By entering the stablecoin space, MoonPay aims to cement its role as a key player in the evolution of digital finance—offering businesses a streamlined way to move value across borders and paving the way for more accessible, global payments.