MoonPay CEO: May launch stablecoin product

ChainCatcher news, according to CoinDesk, the CEO of the crypto payment infrastructure company MoonPay, Ivan Soto-Wright, stated that cryptocurrency wallets will eventually replace traditional bank accounts. Currently, MoonPay is moving towards a non-custodial, API-first approach, aiming to provide developers with plug-and-play infrastructure similar to Stripe.

In January of this year, MoonPay acquired the Solana-based crypto payment processor Helio for approximately $175 million. Soto-Wright revealed that the company may launch a stablecoin product in the future.