MoonPay запускает стейблкоины для бизнеса в сотрудничестве с M0 Translation: MoonPay launches stablecoins for business in partnership with M0

The payment service MoonPay has launched a feature for issuing “stablecoins” aimed at corporate clients.

To bring this initiative to life, the company has partnered with M0, an infrastructure platform dedicated to creating specialized stablecoins. Through this collaboration, MoonPay will be able to produce digital assets pegged to the dollar across multiple blockchains.

“Our partnership with M0 will accelerate our mission to rethink the global movement of money. By combining open, verifiable technologies with MoonPay’s reliable infrastructure, we will make the issuance of stablecoins instantaneous and accessible for any business worldwide,” stated co-founder and CEO of MoonPay, Ivan Soto-Wright.

Corporate clients from the USA, Asia, and Latin America will gain tools to create their own coins with customizable features and cross-network compatibility.

The stablecoins issued via MoonPay will be available throughout the service’s ecosystem for purchase, sale, exchanges, and online payments.

This new direction is led by Zach Quartler, who previously managed similar products at Paxos. He joined the company in September and has experience building stablecoin infrastructure for PayPal, Interactive Brokers, and MercadoLibre.

At the end of September, a similar initiative was announced by Stripe, which introduced the Open Issuance solution for issuing “stablecoins.”

Interest in fiat-pegged digital assets is growing among many fintech companies.

In October, the payment giant Visa expanded its support for four “stablecoins” across four blockchains and partnered with the Bridge platform to launch cards linked to this type of asset.

In November, the company launched a pilot project with Visa Direct, enabling American customers to make direct cross-border payments in the stablecoin USDC to recipient wallets.

Mastercard, Gemini, and Ripple have agreed to test transactions using cards in RLUSD. Previously, Mastercard acquired the startup Zerohash, which facilitates the launch of fiat digital assets.

It is worth noting that Cash App, founded by Bitcoin maximalist Jack Dorsey, announced plans to implement payments in USDC based on the Solana ecosystem.