MoonPay has appointed Derek Yu as Treasurer, reinforcing its leadership in crypto payments and treasury management. Yu brings a decade of experience in audit and treasury operations, having most recently served as Treasurer at Paxos, a regulated blockchain infrastructure and tokenization platform.
During his time at Paxos, Yu played a pivotal role in the launch of stablecoins across the U.S., Singapore, and the UAE. He was instrumental in the management, oversight, and eventual winddown of Binance USD (BUSD), which had been the third-largest U.S. dollar-backed stablecoin.
His expertise extended beyond stablecoins, as he supported Paxos through two successful venture funding rounds and helped the company secure preliminary conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter. A Certified Public Accountant licensed in New York, Yu has built a career at the intersection of finance and blockchain technology.
“MoonPay already manages billions in stablecoin volume”
At MoonPay, Yu will oversee cash, liquidity, and stablecoin management, along with banking and payment relationships, treasury operations, and asset allocation across fiat, stablecoins, and cryptocurrencies. His role will include monitoring market trends and optimizing treasury allocations to maximize liquidity and yield.
Yu’s appointment coincides with a period of accelerated growth for MoonPay. The company has expanded its role in the stablecoin market, onboarding new assets and strengthening its position in decentralized finance (DeFi).
“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.”
MoonPay has actively positioned itself at the forefront of stablecoin adoption. In October 2024, the company became an inaugural distribution partner of Ripple USD (RLUSD), Ripple’s enterprise-grade stablecoin. That same month, MoonPay announced support for PayPal USD (PYUSD), highlighting its commitment to a competitive stablecoin market.
The company’s January 2025 performance underscores its growing influence in the sector. MoonPay onboarded over 1,000,000 new crypto users, while first-time on-chain transactions surged by 1,023%, largely driven by its role as the official on-ramp for the $TRUMP token.
With Yu leading treasury operations, MoonPay aims to further optimize liquidity strategies and enhance its position as a critical infrastructure provider in crypto payments. His expertise in both traditional finance and blockchain-driven treasury solutions positions MoonPay to navigate the evolving stablecoin landscape while maintaining robust financial oversight.
