Intercontinental Exchange (ICE), the company that owns the New York Stock Exchange, is reportedly in talks to invest in MoonPay, a crypto payments firm that is seeking a $5 billion valuation in its latest funding round.
MoonPay helps users move between traditional money and cryptocurrencies, making it easier to buy, sell, and use digital assets. The company has been especially active this year, acquiring several startups and launching a stablecoin-focused business.
The possible investment highlights growing interest from major financial institutions in the crypto space. Wall Street’s involvement in digital assets has increased as the political and regulatory environment in the United States has become more favorable. Crypto venture funding has reached nearly $19 billion in 2025, showing strong investor appetite.
Adding to MoonPay’s momentum, Caroline Pham, former acting chair of the U.S. Commodity Futures Trading Commission (CFTC), is joining the company as chief legal officer, strengthening its regulatory and compliance leadership.
Separately, crypto wallet provider Exodus is preparing to launch a U.S. dollar-backed stablecoin in partnership with MoonPay and infrastructure firm M0. The stablecoin will be fully backed by dollar deposits and designed for everyday payments, not just trading.
The token will be integrated directly into the Exodus Pay app, allowing users to hold, send, and spend dollars while maintaining self-custody, without relying on external exchanges. MoonPay will manage issuance and reserves, while M0 will provide the technical infrastructure.
The stablecoin is expected to launch in early 2026, pending regulatory approval. More details, including the token’s name and supported blockchains, are expected closer to launch.
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