MoonPay on Monday partered the payments-focused Layer-1 blockchain Tempo to simplify services like fiat on-ramping, off-ramping, and virtual account support for stablecoins. MoonPay is a crypto-focussed fintech firm whereas Tempo as a blockchain is built to specially support stablecoin payments. This marks the first collaboration between the two platforms.
As part of this deal, MoonPay has added support for two o Tempo-based stablecoins—USDC.e and PATHUSD. This will allow platform users to buy, sell, and deposit digital dollars through standard bank cards, wire transfers, or virtual account services.
“MoonPay gives businesses building on Tempo a straightforward way to connect fiat and stablecoin payments,” explained Nischay Upadhyayula, GTM at Tempo.
For users, the partnership will make fiat-to-crypto conversions available within the MoonPay ecosystem itself.
“MoonPay is also expanding asset support across Ramps and Virtual Accounts, giving users more options for holding and settling value on Tempo,” the announcement noted.
Incubated by Stripe and Paradigm, Tempo is designed to address the existing friction points found on traditional blockchains like Ethereum or Solana. Transaction fees on the network are not paid by a native coin, but in the form of stablecoins like USDT and USDC.
The network is gradually expanding support for more stablecoins to push more adoption. In May, for instance, the Tetra Digital Group launched CADD, Canada’s first stablecoin, on the Tempo mainnet.
For MoonPay meanwhile, this development marks another significant push into the Web3 ecosystem with an expanding array of services.
Over the last few months, MoonPay acquired Solana execution layer DFlow to upgrade its infrastructure. The platform also launched the MoonAgents card to enable agentic spending via the Mastercard network.
