Intercontinental Exchange (ICE), the company behind the New York Stock Exchange, is reportedly in discussions to invest in crypto payments firm MoonPay — a move that highlights how deeply traditional finance is now stepping into the digital asset space. The potential deal values MoonPay at around $5 billion, according to reports.
MoonPay has become a well-known name in crypto by making it easier for users to move between traditional money and digital assets. Its platform allows people to buy, sell, and use cryptocurrencies with everyday payment methods, helping bridge the gap between banks and blockchains.
This possible investment comes at a time when Wall Street’s interest in crypto is accelerating. A more supportive political environment under U.S. President Donald Trump has encouraged financial institutions to take digital assets more seriously. For ICE — a symbol of traditional markets — backing a crypto-native payments firm would mark another major step toward mainstream adoption.
MoonPay hasn’t been sitting still. Over the past year, the company has expanded aggressively, acquiring multiple startups to strengthen its ecosystem. It has also entered the stablecoin space, signaling ambitions beyond simple on-ramps and off-ramps. Adding to its credibility, former acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), Caroline Pham, is set to join MoonPay as its new chief legal officer.
The timing also reflects broader trends in crypto funding. Venture capital investment in the sector has surged, reaching nearly $19 billion in 2025 so far. Against that backdrop, MoonPay’s $5 billion fundraising effort stands out as one of the clearest signs that institutional investors see long-term value in digital money infrastructure.
Beyond fundraising, MoonPay is playing a central role in a new stablecoin initiative. Crypto wallet provider Exodus plans to launch a U.S. dollar–backed stablecoin in partnership with MoonPay and blockchain infrastructure firm M0. The stablecoin will be integrated into the Exodus Pay app, allowing users to make everyday payments while maintaining self-custody of their funds.
Unlike many existing stablecoins that are primarily designed for trading on exchanges, this new token will be fully backed by dollar deposits and built directly into the wallet experience. Users will be able to hold, send, and spend balances without routing funds through external platforms.
In this setup, MoonPay will manage the issuance of the stablecoin and oversee its reserves using its established payments network, while M0 will provide the underlying technical infrastructure. The stablecoin is expected to launch in early 2026, pending regulatory approval. Details such as the token’s name and supported blockchains are expected to be revealed closer to release.
Together, ICE’s reported interest and MoonPay’s expanding role in payments and stablecoins underline a clear message: Wall Street is no longer watching crypto from the sidelines — it’s starting to place serious bets on its future.
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