New platform aims to give companies a turnkey stablecoin stack powered by ex-Paxos leadership and deep blockchain integrations
MoonPay has expanded its business far beyond fiat-to-crypto ramps, unveiling an enterprise-grade stablecoin suite designed to help companies issue, manage and distribute fully backed stablecoins across multiple blockchains. The launch — developed in partnership with M0 — pushes MoonPay deeper into the infrastructure layer of digital payments and positions it among a growing field of stablecoin-technology providers reshaping the sector.
MoonPay Enters the Stablecoin Infrastructure Race
The newly announced suite offers enterprises a complete system for stablecoin issuance, on/off-ramps, swaps and payments, enabling companies to deploy their own digital dollars at scale. The integration with M0 is central to the initiative, providing a modular minting framework for application-specific stablecoin designs.
Luca Prosperi, co-founder and CEO of M0, described the partnership as a major step toward broader institutional adoption:
“By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance.”
MoonPay has reinforced the rollout with leadership talent from Paxos. Zach Kwartler, who helped build Paxos’ white-label stablecoin products, now heads MoonPay’s stablecoin division. Former Paxos treasurer Derek Yu will oversee liquidity, cash management and operational controls — expertise that strengthens MoonPay’s credibility in a competitive regulatory environment.
When Hyperliquid sought an issuer for its native stablecoin HYPE in September, proposals flooded in from Paxos, Frax Finance, Agora, Sky, OpenEden, BitGo and Curve. The final selection — Native Markets — was created specifically for the HYPE issuance, underscoring how aggressively firms are vying for market share.
This shift marks MoonPay’s evolution from a consumer payments brand to a full-stack enterprise player.
Stablecoin Providers Battle for Enterprise Market Share
MoonPay’s entry comes as the stablecoin sector grows increasingly crowded following the passage of the US GENIUS Act, which opened the door for a wave of new issuers. Demand from fintechs, trading platforms and DeFi protocols has intensified competition.
MoonPay also faces pressure from established infrastructure providers such as Fireblocks, which has expanded its tokenization offerings and strengthened its institutional wallet capabilities after acquiring Dynamic.
Stablecoins remain one of the most important sectors in crypto, with the total market capitalization continuing to climb and enterprises seeking reliable issuance tools. MoonPay’s new suite aims to capture that demand by delivering a ready-built, compliant and multi-chain infrastructure that companies can plug into immediately.
With seasoned leadership, an expanding feature set and M0’s modular architecture, MoonPay is positioning itself as a serious contender in the next wave of enterprise stablecoin adoption.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.