MoonPay announced the acquisition of Entendre, an AI-driven crypto accounting platform, aiming to automate the back-office processing of stablecoin transactions. Entendre develops AI agents that handle bookkeeping for crypto-native companies, turning raw blockchain data into organized financial records and eliminating many manual tasks. Its client list includes Polygon Labs, Thirdweb, Brale, Babylon Labs, Ostium, Courtyard, and DoubleZero.
How AI Agents Solve On-Chain Accounting Pain Points
These firms manage wallets, execute swaps, bridge assets, and operate across multiple payment channels involving stablecoins. Each stage generates separate accounting entries, but finance teams have largely reconciled them manually. While blockchains record fund movements, they don't indicate the accounting context of each transaction. For instance, a stablecoin payment may involve network fees, currency conversion costs, invoice processing charges, or card network commissions. Without automation, accounting staff must pull data from spreadsheets, block explorers, and different software tools to finalize books manually.
Entendre claims its clients manage over 30 financial accounts and process roughly 25,000 transactions monthly, with most transactions involving three or more corporate entities. The platform has reduced manual accounting workload by more than half, automated 93% of journal entries, and enabled finance teams to close books three times faster than traditional methods.
MoonPay CEO on a Human-AI Collaborative Future
MoonPay CEO Ivan Soto-Wright stressed that traditional software is built for manual workflows, while the new financial system will emerge as a collaborative environment between people and AI agents. He argued that for stablecoins to achieve widespread business adoption, finance operations must match the speed, context, and automation levels of payment systems.
MoonPay's Accelerating Acquisition Spree
Last year, MoonPay acquired payments firm Meso and onboarded its co-founders. In May, it added wallet security startup Sodot, along with Decent and DFlow. The company also launched the MoonAgents Desktop App, enabling crypto buying, wallet funding, and transaction tracking via text commands. Founded in 2019, MoonPay is known for its fiat-to-crypto payment infrastructure and is increasingly focusing on tools that blend AI with blockchain interactions.
Institutional Stablecoin Adoption Inches Up
According to PYMNTS Intelligence, 23% of finance executives believe stablecoins will become moderately or highly important within three years, while 15% see them as very or extremely important. In contrast, only 10% consider the broader category of crypto assets similarly significant. The same research notes that 45% of finance executives view integration with established banking providers as crucial for stablecoins to be truly useful in payment flows. Regulatory uncertainty remains the biggest hurdle—cited as the primary obstacle by 67% of companies dealing with stablecoins and 77% for crypto assets in general.