MoonPay secures $200 million credit line from Galaxy to address extreme liquidity demands

ChainCatcher news, according to The Block, MoonPay announced that it has secured a $200 million revolving credit facility from Galaxy, aimed at addressing moments of extreme liquidity demand, such as the recent surge in trading volume during the launch of the Trump Memecoin.

MoonPay CEO Ivan Soto-Wright stated that this credit facility will help the company manage peaks in trading volume and liquidity needs.