MoonPay Acquires Stablecoin Firm Iron in Major Deal
Crypto payments company MoonPay has acquired Iron, an API-focused stablecoin infrastructure firm, in a deal reportedly worth at least $100 million. This acquisition expands MoonPay’s financial services to include enterprise-grade stablecoin solutions, positioning it alongside major fintech moves like Stripe’s acquisition of Bridge.
MoonPay’s acquisition of Iron isn’t its first M&A move this year. In January, the company also acquired Solana-based payments firm Helio for $175 million. Helio streamlines BTC, ETH, and SOL settlements, further strengthening MoonPay’s crypto payment capabilities.
With these acquisitions, MoonPay moves closer to its goal of offering expansive crypto payment services through its user-friendly platform. The company already enables individuals to purchase crypto using debit or credit cards, bank transfers, and mobile payment options like Google Pay and Apple Pay.
Additionally, businesses can now facilitate cross-border stablecoin payments, manage multi-currency treasuries, and access yield-bearing assets such as U.S. Treasury bills. MoonPay will integrate Iron’s infrastructure with anti-money laundering protections, know-your-customer protocols, and other risk management tools, ensuring compliance and security in its expanding crypto payment services.
MoonPay’s acquisition of Iron isn’t its first M&A move this year. In January, the company also acquired Solana-based payments firm Helio for $175 million. Helio streamlines BTC, ETH, and SOL settlements, further strengthening MoonPay’s crypto payment capabilities.
With these acquisitions, MoonPay moves closer to its goal of offering expansive crypto payment services through its user-friendly platform. The company already enables individuals to purchase crypto using debit or credit cards, bank transfers, and mobile payment options like Google Pay and Apple Pay.
Additionally, businesses can now facilitate cross-border stablecoin payments, manage multi-currency treasuries, and access yield-bearing assets such as U.S. Treasury bills. MoonPay will integrate Iron’s infrastructure with anti-money laundering protections, know-your-customer protocols, and other risk management tools, ensuring compliance and security in its expanding crypto payment services.
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