MoonPay launches virtual USD accounts in New York

MoonPay launched Virtual Accounts in New York on April 23, 2026. The service lets enterprises issue named USD virtual accounts that automatically convert ACH, wire and SWIFT deposits into stablecoins and settle them to non‑custodial wallets.

The product is built on Iron, an API-first stablecoin infrastructure platform MoonPay acquired in 2025. A single API links traditional banking rails to on‑chain settlement so incoming fiat sent to a dedicated virtual account is swapped for stablecoins and delivered to a user’s wallet without manual processing.

MoonPay said the service supports ACH, wire transfers, SWIFT and other local and international payment rails.

The offering operates under MoonPay’s New York regulatory permissions, including a BitLicense, Money Transmitter Licenses and a Limited Purpose Trust Charter granted by the New York Department of Financial Services in 2025. Those licenses allow MoonPay to provide fiat-to-stablecoin rails to customers who live in or are served within New York’s regulated market.

Under the Virtual Accounts model, enterprises and platforms provision named USD virtual accounts for end users. Funds routed through Iron’s onboarding, liquidity and banking orchestration systems are converted to stablecoins and settled to non‑custodial wallets. MoonPay says the architecture removes the need for fragmented banking relationships and lowers operational overhead for fintechs, neobanks and crypto platforms.

MoonPay cited recent integrations to illustrate use cases. Deel has used the infrastructure to enable stablecoin payroll for more than 40,000 businesses. A partnership with payments company Paysafe connects to platforms that process nearly $170 billion in annual transaction volume. MoonPay said Virtual Accounts can be used for payments, trading, treasury management and global money movement.

Max von Wallenberg, CEO of Iron, commented that the product allows platforms to offer Virtual Accounts and fiat‑to‑stablecoin capabilities to customers in New York or to customers being served in the state.

MoonPay serves more than 30 million customers and over 500 enterprise clients worldwide. Stablecoins are digital tokens designed to maintain a stable value relative to fiat currency and are often used to speed settlement on blockchains. MoonPay said combining licensed fiat rails with on‑chain settlement gives regulated firms operating in New York a compliance-backed option for converting and moving fiat into on‑chain assets.