Remy Blaire is joined by Keith Grossman, the President of MoonPay, to discuss the company’s recent developments in the digital finance space, particularly its foray into stablecoin issuance. The segment begins with Remy highlighting MoonPay’s announcement to issue managed stablecoins for corporate clients, a strategic move prompted by the increasing demand for dollar-backed tokens in light of new U.S. regulations. Keith explains that MoonPay will utilize its existing money transmitter licenses to offer this service across the United States, with plans for further global expansion.
Keith shares insights into the company’s recent hiring initiatives, which include key personnel from industry leaders such as Paxos and BVNK. He emphasizes that these hires are part of a broader strategy to build a robust infrastructure for stablecoin management, positioning MoonPay as a critical player in the digital finance ecosystem with a customer base of 35 million.
The conversation shifts to MoonPay’s international strategy, where Keith outlines the company’s compliance efforts in various regions, including the Netherlands, the UK, Canada, and Australia. He stresses the importance of regulatory compliance, especially in the context of the recent draft digital assets bill released by the Senate Banking Committee. This bill aims to provide clarity and favorable treatment for major cryptocurrencies like Bitcoin and Ethereum while addressing the complexities surrounding the regulation of decentralized finance (DeFi).
As the discussion progresses, Keith expresses optimism about the future of the crypto industry, describing it as entering a “golden age” fueled by newfound regulatory clarity. He identifies four key areas where this clarity is emerging: regulatory frameworks, legislative developments, banking guidelines, and accounting standards. Keith argues that this stability is essential for attracting capital inflows and fostering ongoing innovation within the sector.