Iron and MoonPay Add Stablecoin-to-Fiat Payouts for ZenGo Business in the United States and European Union

The update enables ZenGo Business to use stablecoin-to-fiat payouts and virtual accounts across the United States and European Union for broader financial operations.

Summary

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Terms & Concepts
  • Stablecoin-to-fiat payouts: A payment flow that converts stablecoins into government-issued currency for settlement to bank-accessible accounts.
  • Virtual accounts: Digital account infrastructure used to receive, route, and manage payments without relying on a separate traditional bank account for each use case.
  • Stablecoin: A cryptocurrency designed to maintain a stable value, usually by being linked to a fiat currency such as the U.S. dollar.