MoonPay has announced its acquisition of Iron, an API-based stablecoin infrastructure platform. This move expands MoonPay’s capabilities, allowing businesses to manage multi-currency treasuries, enable instant cross-border payments, and earn revenue from yield-bearing assets.
The acquisition follows MoonPay’s recent purchase of Helio, Solana’s leading payment processor, further strengthening its position in the crypto payments sector. Iron was preparing to launch its APIs, which are designed to integrate stablecoin transactions for enterprises, fintechs, and marketplaces.
“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions,” said MoonPay’s co-founder and CEO, Ivan Soto-Wright. “With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants.”
MoonPay, known for providing crypto on and off-ramps, has raised over $642 million in cumulative funding, including a $550 million Series A. The acquisition of Iron comes at a time when stablecoins are in a hype cycle, the result of a combination of increasing regulatory clarity, greater real world adoption, and better infrastructure, including APIs.
This development mirrors Stripe’s recent acquisition of Bridge for more than $1 billion, although Bridge is much more advanced and had already found product-market fit.
