MoonPay | Crypto

PYUSDx lets developers issue app-specific stablecoins backed by PayPal USD with fast launch, cross-chain support and branded token options. Payment giant PayPal is expanding access to its stablecoin through a new platform it says will allow devleopers to create their own US dollar-pegged tokens backed by PayPal USD. PayPal, MoonPay and stablecoin platform M0 on Friday announced PYUSDx, a product aimed at helping developers launch PayPal USD (PYUSD)-backed stablecoins for use within applications, or tokens designed for use inside a particular app, platform or ecosystem, according to a joint announcement shared with Cointelegraph. The companies said the rollout is planned for next month. Read more

MoonPay debuts infrastructure enabling AI agents to transact with stablecoins onchain as both crypto and non-crypto companies race to build the “agent economy.” Crypto payments and stablecoin infrastructure company MoonPay has introduced a new software layer that gives artificial intelligence systems direct access to blockchain-based financial networks, a development that could allow AI agents to independently hold and move digital assets rather than rely on human intermediaries. The product, called MoonPay Agents, is a non-custodial tool that allows AI agents, or agentic AI, to create wallets, hold digital assets and execute onchain transactions without human intervention, once funded. The launch reflects a broader push to integrate autonomous AI systems with crypto infrastructure, potentially allowing algorithms to interact directly with decentralized finance protocols and other blockchain applications. Read more

Deel will enable its customers to pay workers in the United Kingdom and European Union, with a US expansion planned later. Global payroll platform Deel will begin offering stablecoin salary payouts through a partnership with MoonPay, starting with workers in the UK and EU next month. The integration allows employees to receive wages directly in stablecoins to non-custodial crypto wallets, with a US rollout planned in a later phase. Deel processes $22 billion in payroll annually worldwide, to more than 150 million workers, the company said in October. It will use MoonPay to handle stablecoin conversion and onchain wallet delivery, effectively adding crypto settlement rails to its existing payroll infrastructure, according to Tuesday’s announcement. Under the arrangement, workers will be able to opt in to receive part or all of their salary in stablecoins, instead of local fiat currencies. MoonPay will manage the conversion and settlement process, while Deel continues to operate the payroll and compliance layer...

The discussions follow Intercontinental Exchange's $2 billion investment in prediction platform Polymarket in October. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is in talks to invest in crypto payments company MoonPay as part of the company’s latest funding round. MoonPay is seeking to raise funds at a $5 billion valuation, according to Bloomberg, which cited sources familiar with the deal and did not disclose the dollar amount of the potential investment. In October, ICE invested $2 billion in prediction platform Polymarket, in a funding round that brought the company’s valuation to $9 billion. Read more

Intercontinental Exchange is pursuing an investment in MoonPay at approximately $5 billion valuation, building on its $2 billion Polymarket deployment and Bakkt platform as the crypto payments company transitions into full-service custody with New York's Limited Purpose Trust Charter. The post NYSE Owner ICE in Talks to Invest in MoonPay at Nearly $5 Billion Valuation appeared first on Cryptonews.

The sole remaining CFTC commissioner, Caroline Pham, said earlier this year that she would leave the agency after the US Senate confirms a replacement. Caroline Pham, the acting chair of the US Commodity Futures Trading Commission, will leave the financial regulator to join MoonPay, following the Senate confirmation of her successor. In a Wednesday X post, MoonPay confirmed reports that Pham would join its team as a chief legal and administrative officer. She became acting chair in January amid the changeover in presidential administrations and has been the sole Republican commissioner at the CFTC for months, following the end of other leaders’ terms and resignations.  Pham said in May that she planned to leave the CFTC following the Senate confirmation of Brian Quintenz, US President Donald Trump’s first pick to replace her as chair. However, after a pushback from Gemini co-founders Cameron and Tyler Winklevoss, the White House withdrew Quintenz’s nomination and later named Securities and Exchange Commission...

The regulatory approval followed the payments company obtaining a BitLicense from the NYDFS in June, making it one of a handful of crypto companies to have both. Cryptocurrency payments company MoonPay said it would expand its offering of regulated services after being granted a trust charter by New York’s Department of Financial Services (NYDFS). In a Tuesday notice, MoonPay said New York’s financial regulator had granted the company a trust charter. The regulatory approval will allow the payments company to provide crypto custody and over-the-counter trading services in New York. MoonPay co-founder and CEO Ivan Soto-Wright said the approval would allow the company to “deepen relationships with global financial institutions,” and expand its existing regulated services. The payments company secured a BitLicense from the NYDFS in June. Read more

The move pushes MoonPay deeper into stablecoin infrastructure, giving issuers a ready-made stack for launching fully backed digital dollars across multiple chains. Crypto payments platform MoonPay has launched a new stablecoin suite that allows companies to issue and manage stablecoins across multiple blockchains, supported by an integration with M0. The collaboration offers enterprises a stack to launch and distribute their own stablecoins at scale, MoonPay said on Thursday. The rollout marks MoonPay’s expansion from a fiat-to-crypto on-ramp to a full-stack stablecoin infrastructure, covering issuance, ramps, swaps and payments. "By integrating with the M0 platform, MoonPay becomes a key provider of stablecoin infrastructure, spanning on/off ramps, payments, and now custom issuance," said Luca Prosperi, co-founder and CEO of M0, a platform powering builders of application-specific stablecoins. Read more

The deal comes after MoonPay acquired Solana-powered crypto payment processor Helio for $175 million in January.

MoonPay, Agora, Paxos, Frax and others are challenging Stripe’s Bridge proposal to issue Hyperliquid’s USDH stablecoin, pushing for community rewards. Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first proposal, which would see Stripe’s stablecoin payment processor, Bridge, issue USDH. Native Market’s proposal promised to contribute “a meaningful share of its reserve proceeds” to Hyperliquid’s Assistance Fund treasury, mint directly on the ecosystem and be regulatory compliant. Still, Agora co-founder and CEO Nick Van Eck submitted an alternative proposal, arguing against the Stripe-linked alternative: Read more

MoonPay introduces liquid staking for Solana as the network sees record staking activity, ETF inflows and major treasury buys from firms like DeFi Dev and Upexi. MoonPay, a fintech company specializing in crypto payments and Web3 infrastructure, has announced a new liquid staking program for Solana holders. The product will leverage liquid staking to earn users 8.49% annual yield on their SOL tokens. According to the company, users can stake as little as $1 in Solana (SOL) and receive a liquid staking token called mpSOL. Rewards are distributed approximately every two days, and users can unstake at any time without a lockup period. The feature is available starting July 23 everywhere except in the US state of New York and the European Economic Area (EEA). Read more

Bitget Wallet’s direct withdrawal launch for USDT and USDC reflects the growing demand for ways to exit crypto positions without relying on centralized exchanges. Bitget Wallet, a self-custodial wallet operated by major cryptocurrency exchange Bitget, introduced its first fiat withdrawal option with crypto payment platform MoonPay. Bitget Wallet has partnered with MoonPay to launch a crypto off-ramp allowing users to convert stablecoins directly into 25 fiat currencies, the companies announced on Tuesday. “Before the launch of this fiat withdrawal feature, Bitget Wallet users typically transferred assets to centralized exchanges such as Bitget Exchange or third-party platforms for fiat conversion,” Bitget Wallet chief market officer Jamie Elkaleh told Cointelegraph. Read more

The California Breakthrough Project held its first meeting at Ripple’s San Francisco headquarters, according to journalist Eleanor Terrett. California Governor Gavin Newsom has launched a new government efficiency task force that includes representatives from various crypto firms, potentially signaling the state’s recognition that blockchain technology could enhance public services. The task force, dubbed California Breakthrough Project, has tapped executives from Ripple, Coinbase, MoonPay and others to “advise and advance government efficiency and collaboration,” journalist Eleanor Terrett reported Tuesday.  According to Terrett, the task force held its inaugural meeting at Ripple’s San Francisco headquarters on June 6. It aims to foster collaboration between California regulators and industry leaders across the technology and business sectors, address government inefficiencies and boost transparency around public services. Read more

According to the payments company, it had secured approval across a patchwork of regulatory regimes in individual US states allowing it to operate across the country. Cryptocurrency payments company MoonPay said it would be able to offer its service to users in all 50 US states after receiving licensing approval in New York. In a June 4 notice, MoonPay said the New York State Department of Financial Services (NYDFS) granted its US company a BitLicense and a money transmitter license. The addition of the BitLicense makes MoonPay one of 35 digital currency businesses able to operate in New York State.  “With the approval of our New York BitLicense and Money Transmitter Licenses, MoonPay now holds the golden regulatory stack for crypto in the US, allowing us to directly serve customers in every single state without gaps in coverage,” said MoonPay co-founder and CEO Ivan Soto-Wright. Read more