MoonPay
MoonPay has been granted a New York Limited Purpose Trust Company charter, enabling it to offer institutional-grade digital asset custody and trading services under state oversight. The move strengthens its regulatory footing and could attract more institutional clients.
MoonPay has received a New York trust charter, clearing the way to expand regulated institutional offerings including custody and fiat rails. The approval strengthens its compliance standing and could accelerate institutional onboarding.
Mastercard is taking a significant step towards integrating stablecoin payments into its network by partnering with platforms like MoonPay, MetaMask, and Kraken. This innovation will allow users to convert their stablecoins into local currency for merchants seamlessly, indicating a shift towards digital currency utilization in the traditional economy.