MoonPay has launched fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert incoming funds from bank rails such as ACH and SWIFT into stablecoins and settle them directly to non-custodial wallets through a single API.

The product is underpinned by technology provider Iron and allows platforms to issue named, dedicated accounts that receive fiat and automatically convert it into stablecoins, enabling payment, trading and treasury flows without relying on prefunded balances or multiple intermediaries.

The rollout in New York follows MoonPay’s acquisition of Iron in 2025 and builds on integrations with platforms including Deel and Paysafe, extending its stablecoin infrastructure across payroll and payments networks, according to Thursday’s announcement.

MoonPay said it obtained a BitLicense, money transmitter licenses and a New York limited purpose trust charter from the New York State Department of Financial Services in 2025, allowing it to offer the service in one of the most tightly regulated crypto markets.

Source: MoonPay

The company said the accounts enable faster settlement and programmable payments by linking traditional banking rails with blockchain-based infrastructure through a single integration.

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Stablecoins reduce reliance on prefunded accounts

Major payment companies and fintechs are increasingly integrating stablecoins into payment infrastructure to streamline cross-border transactions and reduce reliance on prefunded accounts.

On Tuesday, Singapore fintech Nium integrated USDC payments through Coinbase, allowing businesses to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform.

The setup enables companies to fund cross-border payouts on demand using stablecoins and settle in either digital assets or local currencies, reducing the need to prefund accounts across multiple jurisdictions and streamlining global payment flows.

Card networks are also expanding stablecoin-linked payment infrastructure. In March, Visa and Stripe-owned Bridge rolled out stablecoin-linked cards across more than 100 countries and are testing onchain settlement that would allow transactions to be settled in digital assets rather than fiat. As of December 2025, Visa’s annualized stablecoin settlement run rate reached $4.6 billion, according to a company spokesperson.

Mastercard has also moved to expand its stablecoin capabilities, agreeing to acquire BVNK in a deal valued at up to $1.8 billion. The acquisition is aimed at strengthening its ability to connect traditional payment rails with blockchain-based transactions, supporting use cases including cross-border payments and business payouts.

The total stablecoin market capitalization stands at about $320 billion, according to DefiLlama data.

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