Key Highlights:
- MoonPay has successfully acquired Iron, a platform that specializes in stablecoin infrastructure through APIs.
- While the financial details of the deal remain undisclosed, reports suggest that the acquisition may be valued at no less than $100 million.
Cryptocurrency platform MoonPay has made a significant move by acquiring Iron, a company focused on developing API-based stablecoin solutions. According to a press release from MoonPay, this acquisition will enhance its offerings to enterprises, enabling them to accept payments made via stablecoins.
M&A activity within the cryptocurrency sector is gaining momentum. Recently, firms like Derebit are also undergoing discussions for acquisitions, as reported by CoinDesk. Meanwhile, payment powerhouse Stripe has expressed interest in acquiring Bridge for $1.1 billion, marking a noteworthy acquisition in the cryptocurrency landscape.
“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions,” shared Ivan Soto-Wright, CEO of MoonPay.
In addition, MoonPay has previously acquired Helio, a payment processor that operates on the Solana blockchain.
