MoonPay acquires stablecoin platform Iron
This move is expected to expand its business offerings, enabling companies to manage multi-currency treasuries, facilitate instant cross-border payments, and generate new revenue through yield-bearing assets.
The acquisition also claims to eliminate slow bank transfers, manage multi-currency treasuries, and move funds across borders in seconds.
Fintechs and payment processors can now integrate stablecoin rails 'compliance-first payments', while marketplaces and merchants can accept stablecoins, and 'settle instantly'.
MoonPay co-founder and CEO Ivan Soto-Wright said: 'This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions. With Iron's technology, we're putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants.'
In an interview to CNBC, he said: 'Iron's technology positions MoonPay to become the definitive infrastructure provider for enterprise stablecoin solutions.'
In January this month, MoonPay acquired Helio, a crypto payment processor on the Solana blockchain.
Established in 2022, Helio specialises in simplifying cryptocurrency transactions for merchants and creators, offering tools for accepting various cryptocurrencies such as SOL, ETH, and BTC.
Last month, MoonPay introduced its MoonPay Balance offering in the US market, allowing users to fund their accounts with fiat currency and engage in "zero-fee purchases".
MoonPay Balance was initially made available to European users in November 2024.
MoonPay's infrastructure, which supports the exchange between fiat currencies and cryptocurrencies, offers payment methods including debit and credit cards, local bank transfers, and digital wallets like Apple Pay and Google Pay.
"MoonPay acquires stablecoin platform Iron " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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