On April 23, the crypto payment network MoonPay announced the official launch of its virtual account service under the Iron platform in New York State. This service supports fintech companies, crypto platforms, neobanks, and financial institutions in integrating compliant fiat-to-stablecoin infrastructure. The launch is based on MoonPay's acquisition of the enterprise-grade stablecoin infrastructure platform Iron in 2025. Users can receive payments through ACH, wire transfers, SWIFT, and other channels, which are automatically converted to stablecoins and settled to non-custodial wallets. MoonPay has also obtained a BitLicense, money transmission license, and limited purpose trust license from the New York State Department of Financial Services in the same year.
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MoonPay Launches Virtual Accounts in New York, Expanding Stablecoin Payment Infrastructure
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