Key Highlights
- MoonPay added support for USDH and USDC on Hypercore infrastructure.
- The integration is powered through MoonPay’s Gateway technology.
- Users in the U.S. (excluding New York) and the U.K. can access the service.
MoonPay, a crypto payment network, today announced the immediate availability of USDH and USDC stablecoins on Hypercore, the blockchain infrastructure powered by Hyperliquid. The integration, powered by MoonPay’s new Gateway technology, enables users to move from fiat currencies directly into Hyperliquid’s ecosystem.
According to the official announcement, the update expands MoonPay’s on-ramp abilities. The company said the integration uses a gateway for trading on-chain using decentralized exchange aggregators and is now available to the clients of the United States (without New York) and the United Kingdom.
The initiative emphasizes live support across major networks, including Solana, Ethereum, Base, and now Hypercore.
Current partners need no additional work
For current partners that have already integrated with the Gateway platform, integrating with Hyperliquid does not require any further development effort. Despite the excitement, MoonPay added standard disclaimers for its users, especially for those based in the United Kingdom, as cryptocurrency investments carry significant risks.
Hypercore serves as the trading infrastructure layer within the Hyperliquid blockchain ecosystem. The system supports perpetual futures and spot trading through a central limit order book designed for high-throughput order placement and settlement. It also operates alongside HyperEVM.
MoonPay continues acquisition strategy
In a separate development, MoonPay recently acquired Decent, a Y Combinator-backed infrastructure that offers crypto transaction solutions across blockchains. The acquisition, which has a valuation in the upper eight figures, is MoonPay’s fourth such deal this year.
With the acquisition done, MoonPay went ahead to launch a new product called MoonPay Trade aimed towards banks, financial technology firms, asset managers, and businesses in general. The solution offers access to tokenized assets, decentralized finance services, and stablecoin liquidity through a single integration point.
MoonPay Trade integrates Decent’s router system, bridges, and liquidity pool with MoonPay’s existing infrastructure for onboarding, off-boarding, and compliance services like KYC and AML.
More details on adoption expected
On the flip side, more information is expected to come to light about actual usage figures or even expansions into other areas. It remains to be seen whether the added functionalities mentioned above lead to an increase in transactions and on-chain activity on Hypercore over the coming weeks and months.
The introduction of support for Hypercore is another addition to the networks and tokens supported by MoonPay without being an indication of any changes in the company’s main business model, which involves purchasing cryptocurrencies.
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