MoonPay has secured a $200 million revolving credit facility from Galaxy.

BlockBeats News, March 20th, according to The Block, MoonPay is looking to better prepare for events similar to the issuance of a Meme coin for Trump, having secured a $200 million revolving credit facility from Galaxy to better handle surging transaction volumes and liquidity demands.

MoonPay co-founder and CEO Ivan Soto-Wright stated in an interview: "This revolving credit facility is designed to address short-term capital needs during periods of extreme liquidity demand, much like what we experienced during the TRUMP coin launch. It is not meant for long-term debt obligations."

Soto-Wright also mentioned that this is MoonPay's first credit facility, with discussions with Galaxy starting a few weeks ago and finalized yesterday. While he declined to disclose specific terms of the credit facility, he mentioned that the company is "comfortable" with the agreement.