MoonPay Unveils New York Fiat-to-Stablecoin Virtual Accounts, Enhancing Enterprise Capabilities

MoonPay has expanded its enterprise-grade infrastructure by launching fiat-to-stablecoin virtual accounts in New York. This innovative solution enables businesses to convert incoming funds from traditional bank rails into stablecoins and settle them directly to non-custodial wallets through a single API.

The service, which is supported by Iron's technology, allows named, dedicated accounts to receive fiat funding and automatically convert those funds into stablecoins. The stabilized assets can then be settled to non-custodial wallets, streamlining payment, trading, and treasury workflows for enterprises.

This move is part of the broader trend towards embedding stablecoins deeper into payments infrastructure. Industry participants say that this approach can shorten settlement times and reduce friction associated with moving money between fiat and crypto.