MoonPay secures $200M credit line to manage liquidity surges

Crypto payments firm MoonPay has secured a $200 million revolving credit line from Galaxy Digital to handle spikes in transaction volume, following challenges during the TRUMP memecoin launch, according to The Block. Despite ending 2024 cash-flow positive, MoonPay sought immediate liquidity access after struggling to meet demand outside banking hours. The company previously raised $160 million from Galaxy and Ripple during the TRUMP token surge, gaining 750,000 new customers.