MoonPay Enterprise Launches Unified Stablecoin API

Steady attention without excessive speculation.

The product folds MoonPay’s ramps, treasury tools, and issuance stack into one integration. It targets banks, fintechs, and merchants. The suite runs on Iron, the API-first stablecoin platform that MoonPay acquired in March 2025.

What MoonPay Enterprise Includes

MoonPay Enterprise ships with four core products. Together, they cover the full path from a customer’s bank to a stablecoin wallet and back.

Pay In collects fiat through local rails like SEPA, ACH, FPS, and PIX, plus SWIFT. Funds land in virtual accounts and convert to stablecoins automatically. Convert then handles institutional liquidity for treasury and large over-the-counter trades.

Pay Out settles global payments in stablecoins or local fiat. Issue lets a business mint its own fully reserved, white-label stablecoin. According to MoonPay, all four run through the same integration and dashboard.

That single-vendor framing is the core sales point. Instead of one provider for ramps and another for issuance, a client wires up MoonPay once. In practice, the API exposes REST endpoints, webhooks, and a dashboard. MoonPay has not yet published public developer docs beyond the product page.

Built on the Iron Acquisition

The suite sits on top of Iron. MoonPay bought the firm for a reported nine-figure sum in March 2025. At the time, executives framed the deal as the company’s “Braintree moment.” That name nods to the payments engine behind many fintech apps.

MoonPay says the platform already processes hundreds of millions in volume. That spans more than 190 countries and over 50 enterprise partners. Those figures come from MoonPay itself and lack an independent audit for the new suite. The company also cites SOC 2, PCI DSS, and ISO 27001 certifications.

Deel and Paysafe Already Onboard

Two named customers give the launch immediate weight. MoonPay says Deel already uses the infrastructure for stablecoin payroll across borders.

Paysafe, meanwhile, runs the tools inside a platform that processed $167 billion in 2025. That integration lets merchants accept crypto at checkout. MoonPay also lists Whop, WalletConnect, Ingenico, Exodus, and others as partners.

A Full Pivot From Consumer Ramps

MoonPay started in 2019 as a consumer fiat-to-crypto on-ramp. It raised a $555 million Series A in late 2021. That round valued the company at $3.4 billion.

Since then, the company has moved steadily toward business infrastructure. It bought Solana payments firm Helio in January 2025. It then secured a New York BitLicense that June. In November, it launched an enterprise stablecoin business with M0. As a result, MoonPay Enterprise reads less like a new product. It looks more like a rebrand of a stack built over two years.

Why the Timing Matters

The launch lands as stablecoins shift from trading tool to payment rail. On-chain stablecoin volume reached roughly $27 trillion to $33 trillion in 2025, per various analytics providers. Analysts peg true end-user payments far lower, though.

Stablecoin market value also topped $300 billion by mid-2026 in some reports. One estimate sees the settlement-infrastructure market growing from about $6.7 billion in 2025 to $43 billion by 2034. So the pitch for one API arrives at a useful moment. Demand for exactly that plumbing is climbing.

Inside a Crowded Stablecoin Race

MoonPay is not alone in chasing enterprise stablecoin rails. Stripe now owns Bridge. Circle runs USDC and its own settlement tools. Paxos powers white-label issuance for partners like PayPal.

MoonPay’s pitch is that its licensing footprint sets it apart. The company cites money transmitter licenses in all 50 US states. It adds the New York BitLicense and MiCA approval in the EU. Those claims appear on its licenses page, though rivals hold their own approvals too.

Founder and CEO Ivan Soto-Wright framed the need plainly in the launch announcement. “Businesses are paying workers across 190 countries, managing multi-currency treasuries, and settling value in real time,” he said. “They need one platform to issue, convert, and move value globally.”

What Remains Unknown

Several details are still missing. MoonPay has not published pricing, a list of supported stablecoins, or the specific blockchains behind the Issue product.

Some fintech observers on X also asked a sharper question. Does MoonPay hold funded balances itself, or does it simply orchestrate banking partners? That distinction matters for anyone weighing liquidity risk. For now, the launch materials do not spell out the answer.

Max Wallenberg, CEO of MoonPay Enterprise, argues that removing complexity is the point. “Stablecoins shouldn’t require businesses to become experts in banking infrastructure, liquidity management, or blockchain operations,” he said. The next test is whether banks and merchants trust one vendor with that entire flow. Independent coverage will also need to confirm the volume MoonPay claims.