PANews reported on November 14th, citing Bloomberg, that cryptocurrency payment company MoonPay Inc. will begin issuing and managing stablecoins on behalf of its clients. Zach Kwartler, MoonPay's newly appointed head of stablecoin business, stated in an interview that the New York-based company will leverage its existing money transmission license to offer this service across various U.S. states. Kwartler stated that issuing its own stablecoins will help MoonPay's clients better manage their payment operations. In a statement released Thursday, MoonPay indicated that the issuance service will target enterprise clients in the U.S., Asia, and Latin America, and will cover multiple blockchains.