Headline: MoonPay partners with M0 to launch customizable stablecoins for businesses Translation: MoonPay partners with M0 to launch customizable stablecoins for businesses

The payment platform MoonPay has introduced a service for issuing “stablecoins” aimed at corporate clients.

To realize this project, the company has partnered with M0, an infrastructure platform for creating specialized stablecoins. This collaboration will enable MoonPay to issue digital assets pegged to the dollar across multiple blockchains.

“Working with M0 will accelerate our mission to rethink global money movement. By combining open, verifiable technologies with MoonPay’s reliable infrastructure, we will make the issuance of stablecoins instant and accessible for any business on the planet,” stated MoonPay co-founder and CEO Ivan Soto-Wright.

Corporate clients from the U.S., Asia, and Latin America will have access to tools for creating their own coins with customizable features and interoperability across networks.

The “stablecoins” issued through MoonPay will be available throughout the service’s ecosystem for buying, selling, exchanging, and online payments.

Zach Quartler, who previously led similar products at Paxos, has taken charge of this new direction. He joined the company in September and has experience in developing stablecoin infrastructure for PayPal, Interactive Brokers, and MercadoLibre.

In late September, a similar initiative was announced by Stripe, which introduced the Open Issuance solution for issuing “stablecoins.”

Many fintech companies are expressing interest in fiat-pegged digital assets.

In October, the payment giant Visa added support for four “stablecoins” across four blockchains and formed a partnership with Bridge to launch cards linked to this asset type.

In November, the company launched a pilot project called Visa Direct, enabling American customers to make direct cross-border payments in the stablecoin USDC to recipient wallets.

Mastercard, Gemini, and Ripple have agreed to test card transactions in RLUSD. Previously, the first company acquired the startup Zerohash, which enables the launch of fiat digital assets.

Lastly, Cash App, founded by Bitcoin maximalist Jack Dorsey, announced plans to implement payments in USDC based on the Solana ecosystem.