MoonPay, the multinational crypto payments company, has secured a $200 million revolving credit line from Galaxy to address liquidity surges, particularly during events like the Trump memecoin launch that strained its ability to process high transaction volumes. The decision comes despite MoonPay ending 2024 cash-flow positive, highlighting the need for instant capital access due to traditional banking limitations. The move follows MoonPay’s rapid growth, including a 98% increase in average daily transaction volumes post-election and major acquisitions of Iron and Helio for a combined $275 million.
MoonPay Lands $200 Million Credit Line from Galaxy to Handle Trump Memecoin-Like Frenzies
