MoonPay has obtained a BitLicense and money transmitter license from the New York State Department of Financial Services (NYDFS), allowing it to operate in all 50 states.
The approval signifies MoonPay's compliance with New York's strict financial regulations and positions it among authorized crypto payment firms in the state.
MoonPay has set up its largest U.S. office in New York City and expanded globally with registrations in various countries while achieving financial stability in 2024.
MoonPay collaborated with Mastercard to enable stablecoin payments at 150 million businesses, offering users Mastercard-branded cards that connect to their stablecoin wallets.