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NEW YORK — Feb. 11, 2026 — MoonPay says it has launched MoonPay Deposits, a product designed to make wallet-to-wallet crypto transfers feel less like defusing a bomb.
The new flow lets users fund supported applications using crypto from an existing wallet regardless of the token or blockchain. Users choose what they want to send, and MoonPay says it handles the messy parts—swapping, bridging, and cross-chain routing—behind the scenes, delivering the final balance in the user’s chosen asset.
MoonPay Deposits is now available in the self-custodial TON Wallet, which is part of Wallet in Telegram’s dual-wallet setup.
The problem it’s aiming to solve: “wrong network, wrong asset, goodbye funds”
If you’ve ever sent the right token to the wrong chain (or the right chain to the wrong address format), you already know the UX problem: crypto transfers can be unforgiving.
MoonPay’s pitch is that MoonPay Deposits removes a chunk of that friction by managing compatibility, routing, and delivery in a single flow, with the goal of ensuring funds arrive in the correct wallet and in the correct asset.
“Users shouldn’t have to buy new assets or navigate complex steps just to fund an account,” said MoonPay co-founder and CEO Ivan Soto-Wright, adding that the company wants people to use the crypto they already hold while MoonPay handles the technical steps in the background.
Why this matters for Telegram’s TON Wallet: onboarding at scale
MoonPay frames the Telegram rollout as a distribution milestone: it says more than 100 million users can now fund their TON Wallet using crypto held on other networks, with assets automatically converted into tokens supported by the platform.
The release explicitly calls out mainstream assets—BTC, ETH, SOL, stablecoins, and others—and says conversions happen behind the scenes. It also states that stablecoins are converted at a 1:1 rate, and then delivered as TON or other supported assets into Wallet in Telegram.
Andrew Rogozov, founder and CEO of The Open Platform and Wallet in Telegram, described the “first step” as the biggest adoption bottleneck—arguing that until now, users effectively needed assets already on TON to get started, which created unnecessary friction. He said the goal is to make entering and exiting the TON ecosystem as seamless as using a custodial wallet—while preserving self-custody.
How it works (in real user steps)
MoonPay says funding TON Wallet via Deposits takes just a few actions:
- Open TON Wallet, tap Deposit, then choose Stablecoins or Other Crypto
- Select the token and the network you’re sending from (which triggers creation of a deposit address)
- Copy the address or scan a QR code
- Paste the address into your wallet or exchange withdrawal page
- Enter an amount that meets the minimum requirement
- Review and confirm
From there, MoonPay says it handles the swaps and cross-chain routing, credits the user in the chosen crypto, and can automatically send funds to a preferred destination wallet.
Who MoonPay and Wallet in Telegram say they are
MoonPay says it was founded in 2019 and serves 30+ million customers across 180 countries, supporting 500+ enterprise customers across crypto and fintech. It also highlights a broad regulatory footprint across the U.S., including New York licensing and money transmitter coverage, as well as MiCA authorization in the EU.
Wallet in Telegram is positioned as a digital asset solution natively embedded into Telegram and backed by The Open Platform. It says it has 150 million+ registered users and offers a dual-wallet experience: Crypto Wallet (multi-chain, designed for trading and sending crypto to contacts) and TON Wallet (self-custodial, with access to TON apps and TON-based assets).
Industry takeaway: why this matters for crypto payments and onboarding
This isn’t just another “integration” headline—it’s a direct attack on the most expensive problem in crypto: onboarding friction.
If MoonPay Deposits works as advertised, it does three things that the industry keeps promising but rarely ships cleanly:
- Abstracts cross-chain complexity into a single deposit action, so users don’t have to think like a network engineer to move money.
- Reduces loss-risk from human error (wrong chain, wrong asset), which is one of the biggest silent adoption killers in self-custody.
- Turns Telegram-scale distribution into a real funnel for the TON ecosystem by letting users arrive with whatever they already hold—then land in the asset format the app actually needs.
In simple terms: when “getting funded” becomes easy, everything downstream—apps, trading, payments, and DeFi—gets a much better chance to feel mainstream.
Source: MoonPay press release