MoonPay lands fiat-to-stablecoin virtual accounts in New York, tapping BitLicense to route ACH and SWIFT inflows directly to non-custodial wallets
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Promote with Leviathan NewsMoonPay switched on Virtual Accounts for New York enterprises today, auto-converting incoming ACH and SWIFT deposits into stablecoins and settling them to non-custodial wallets via a single API. The rails sit on top of Iron (acquired by MoonPay in 2025) and ride MoonPay's NYDFS BitLicense plus Limited Purpose Trust Charter β two permissions almost no crypto firm holds. Early customers include Deel (40,000+ businesses running stablecoin payroll) and Paysafe (~$170B in annual transaction volume), making this less retail onramp and more B2B stablecoin plumbing for regulated US markets.
TLDR by @Benthic
More coverage
- MoonPay secures New York BitLicense (moonpay.com)
- MoonPay Launches Virtual Accounts in New York (moonpay.com)
- MoonPay launches fiat-to-stablecoin virtual accounts in New York (tradingview.com)
- Virtual Currency Business Licensing - DFS.ny.gov (dfs.ny.gov)
- Crypto for Business: Payments, Ramps & Stablecoins - MoonPay (moonpay.com)
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