MoonPay strengthens enterprise offerings with $100 million Iron acquisition
MoonPay acquires stablecoin infrastructure firm Iron
Crypto payment firm MoonPay has made a significant move by acquiring Iron, a leading stablecoin infrastructure company, in a deal valued at over $100 million.
This acquisition positions MoonPay at the forefront of stablecoin technology, allowing the company to offer enterprise-grade stablecoin solutions for businesses. This development is similar to Stripe's acquisition of the stablecoin platform Bridge in October 2024 for $1.1 billion, which expanded Stripe's cryptocurrency payment services, reports The Block.
The deal and its implications
Through this acquisition, MoonPay will integrate Iron’s API-focused infrastructure into its platform, enabling businesses to accept cross-border stablecoin payments and manage multi-currency treasuries. The deal also brings features such as yield-bearing assets like U.S. Treasury bills into the fold. Importantly, MoonPay’s stablecoin payments will be equipped with anti-money laundering (AML) protections, know-your-customer (KYC) protocols, and other essential risk management measures, ensuring compliance with global regulatory standards.
In addition to the Iron acquisition, MoonPay’s expansion strategy includes its recent purchase of Helio, a Solana-based payments firm, valued at $175 million. The goal behind these acquisitions is clear: to offer an expansive and user-friendly crypto payment platform that enables individuals to purchase cryptocurrencies easily using debit or credit cards, bank transfers, and mobile payment options like Google Pay or Apple Pay.
MoonPay’s growing influence in the crypto space
As MoonPay continues to bolster its offerings through strategic acquisitions, the company is positioning itself to lead the charge in enterprise-grade stablecoin payments. This acquisition of Iron, alongside its broader efforts in the payments sector, underscores MoonPay’s determination to provide comprehensive solutions for businesses, fintechs, and global merchants, while meeting the growing demand for secure, scalable blockchain-based financial services.
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