MoonPay Launches Virtual Account Services in New York

MoonPay has announced the launch of its Iron platform's virtual account services in New York State. According to Foresight News, this service supports fintech companies, crypto platforms, neobanks, and financial institutions in integrating compliant fiat-to-stablecoin infrastructure. The launch is based on MoonPay's acquisition of the enterprise-level stablecoin infrastructure platform, Iron, in 2025. Users can receive funds through ACH, wire transfers, and SWIFT, which are automatically converted into stablecoins and settled into non-custodial wallets. In the same year, MoonPay received a BitLicense, money transmitter license, and limited purpose trust license from the New York State Department of Financial Services.