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- MoonPay secures a BitLicense, allowing operations across all 50 U.S. states including strict-regulated New York.
- MoonPay expands globally with Mastercard partnership and stablecoin-based payment infrastructure via Iron.
MoonPay has finally managed to obtain a BitLicense from the New York State Department of Financial Services (NYDFS). For those who don’t know, this is not just any license.
The BitLicense is one of the strictest and most sought-after licenses in the crypto world, especially in the US. With this license, MoonPay can legally operate in New York and reach all other states. So, it’s safe to say, they now have “full access” to the US crypto market.
🗽 BREAKING NEWS 🗽
the New York State Department of Financial Services (NYDFS) has granted MoonPay our BitLicense and Money Transmitter Licenses!!! pic.twitter.com/aghrXhSxsF
— MoonPay 🟣 (@moonpay) June 4, 2025
MoonPay Secures Rare Approval to Operate in New York
Ivan Soto-Wright, MoonPay’s CEO, said that this achievement gives them a “golden regulatory stack.” Looks arrogant? Not really. Because there aren’t many crypto companies that can get New York’s blessing. The process is long and super strict.
But MoonPay is no newcomer. They have been present in more than 30 countries, and are now even more confident after opening their largest office in New York City.
Interestingly, they didn’t just sit back after getting the license. On March 24, 2025, MoonPay secured a $200 million credit line from Galaxy—a $5.7 billion digital asset management company. The goal is simple: keep the service running smoothly for over 30 million users. And in the crypto world, maintaining liquidity is like keeping your breath. Once it goes wrong, everything can be messy.
From Stablecoin Payments to Gaming Giveaways
MoonPay doesn’t just play on one side. On May 15, 2025, they partnered with Mastercard. This collaboration allows Mastercard cards to be directly connected to users’ stablecoin balances.
For example, you have a USDC balance, then pay for coffee in Paris, it will automatically be converted to Euros when you swipe. Practical and fast. This system runs smoothly because they acquired a platform called Iron last March—a stablecoin payment platform that is the backbone of the technology behind it all.
Furthermore, MoonPay has also offered an automatic way to buy crypto through the “Recurring Buys” feature since January 2025. This feature is suitable for those who are lazy to monitor prices every day, but still want to invest. Just set a weekly or monthly purchase schedule, and the system will automatically buy according to the settings. It’s like crypto installments, but you set it.
Funnily enough, MoonPay is the first on-off ramp provider in the B2B space to provide this feature. So it’s not only used by ordinary users, but also by partner companies.
However, their story doesn’t stop there. On the other hand, CNF previously reported that MoonPay has partnered with Play Solana to create a limited edition PSG1 handheld console called “MoonBoys.”
This edition is only available for 50 units and… it’s not for sale at all. Yep, the only way to get it is through a giveaway. Whether you want to show off to collectors, or just to beautify your work desk, what is clear is that this console further emphasizes MoonPay’s position as a crypto company that knows how to play seriously but still have fun.
