On December 19, 2025, at 2:15 AM UTC
Reports indicate that Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is looking to invest in cryptocurrency payment company MoonPay, which is targeting a valuation of $5 billion in its latest funding round.
#### Summary
- Intercontinental Exchange, owner of the New York Stock Exchange, is in talks to invest in cryptocurrency payment company MoonPay.
- The company, which facilitates fiat-to-crypto conversions, has acquired several startups this year and launched stablecoin-related businesses.
- The investment reflects a growing institutional interest in digital assets, with venture funding in the cryptocurrency space approaching $19 billion so far in 2025.
MoonPay, which helps users navigate between dollars and digital currencies, has been active this year in acquiring startups and launching stablecoin-related businesses.
This move comes at a time when Wall Street's involvement in digital assets is increasing, supported by a more favorable political climate under President Trump's administration. Adding to the allure is the joining of Caroline Pham, former acting chair of the Commodity Futures Trading Commission (CFTC), to MoonPay as chief legal officer.
With venture funding in the cryptocurrency space nearing $19 billion in 2025, MoonPay's pursuit of raising $5 billion is another sign that Wall Street is serious about betting on the future of digital money.
At the same time, Exodus is preparing to launch a dollar-backed stablecoin in partnership with MoonPay and infrastructure provider M0, enabling daily payments and self-custody within the Exodus Pay app.
Unlike traditional stablecoins designed for trading, this coin will be fully backed by dollar deposits and directly integrated into the wallet, allowing users to hold, send, and spend balances without going through external exchanges.
MoonPay will take on the issuance of the coin and manage the reserves, leveraging its existing payment network, while M0 provides the underlying infrastructure.
The stablecoin is expected to launch in early 2026, pending regulatory approval, with additional details – including supported blockchains and token name – to be announced closer to the launch date.
