Crypto payments platform MoonPay has introduced a stablecoin suite for companies to issue and manage stablecoins across various blockchains, supported by an integration with M0. MoonPay expands from fiat-to-crypto with new stablecoin infrastructure, offering issuance, ramps, swaps, and payments. Zach Kwartler leads the initiative, with former Paxos treasurer Derek Yu overseeing operations.

MoonPay faces competition in the stablecoin infrastructure sector as the number of stablecoin issuers increases post-US GENIUS Act. Hyperliquid sought an issuer for a new stablecoin with proposals from Paxos, Frax Finance, and others. Native Markets won the bid to issue HYPE stablecoin. Fireblocks, a MoonPay competitor, also provides tokenization and minting infrastructure for stablecoins.

Total stablecoin market cap data is sourced from DefiLlama.com. Fireblocks expanded institutional offerings by acquiring Dynamic, a provider of enterprise-focused wallets. MoonPay enters the stablecoin infrastructure market, competing with other companies as the stablecoin industry grows post-US GENIUS Act.

Read more at Cointelegraph: MoonPay Launches Enterprise Stablecoin Suite with M0 Integration