MoonPay, the global leader in crypto payments, announced that it has appointed Derek Yu as Treasurer. Yu brings a decade of audit and treasury expertise to the company, most recently serving as Treasurer of leading regulated blockchain infrastructure and tokenization platform, Paxos.During his tenure at Paxos, Yu contributed to the launch of various stablecoins across the U.S., Singapore, and UAE. Notably, he played a key role in the management, oversight, and eventual orderly winddown of Binance USD (BUSD), the third largest US-dollar backed stablecoin in the market.Yu also supported Paxos through two successful venture funding rounds and helped secure preliminary conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter. He is a licensed Certified Public Accountant in the State of New York.At MoonPay, Yu will oversee cash, liquidity and stablecoin management, banking and payment relationships, treasury operations, and both crypto and fiat asset management, among other responsibilities. A key focus will be monitoring market trends and optimizing treasury allocations between fiat, stablecoins and cryptocurrencies to ensure liquidity and maximize yield.“As a leader in the DeFi ecosystem, MoonPay already manages billions in stablecoin volume, and hiring a seasoned expert to lead our Treasury operations is critical for our future endeavors,” said Ivan Soto-Wright, co-founder and CEO of MoonPay. “We’re thrilled to welcome Derek as we continue expanding our in-house expertise to manage a tokenized treasury.”Yu’s appointment arrives at a time of unprecedented growth at MoonPay

MoonPay has joined the Crypto Council for Innovation, a global advocacy group for responsible crypto regulation.Bringing together the industry’s top minds, CCI champions policies that promote responsible crypto innovation. Its work includes engaging with policymakers, drafting regulatory frameworks, and submitting public comments on proposed policy.“We are excited to welcome MoonPay and Bitpanda as CCI’s newest members,” said CCI’s President and Acting CEO, Ji Hun Kim. “Both organizations are leaders in broadening access to digital assets, making blockchain technology more accessible to consumers worldwide.”Before joining CCI, Kim was General Counsel and Head of Policy & Regulatory Affairs at crypto exchange Gemini. He leads CCI alongside COO Annie Dizon, who has 20+ years of experience in tech and was most recently VP of Communications at the nonprofit TechSoup.“The future of crypto depends on clear, thoughtful regulation that fosters innovation while also protecting consumers,” added MoonPay’s CEO, Ivan Soto-Wright. “By joining CCI and collaborating closely with members, we can create a framework that ensures this technology reaches its true potential.”CCI was launched in 2021 by founding members Paradigm, Fidelity, Square, and Coinbase. Other notable members include Circle, a16z, PayPal, and the Solana Foundation