MoonPay Acquires Iron to Expand Enterprise Stablecoin Offerings

MoonPay, a leading cryptocurrency payments company, has expanded its enterprise stablecoin offerings by acquiring Iron, an API-focused stablecoin infrastructure developer. The acquisition, announced on March 13, aims to provide MoonPay’s enterprise customers with the ability to accept stablecoin payments instantly and at a low cost. This integration allows companies to manage their stablecoin treasuries in real time and utilize the funds to acquire yield-bearing assets such as US Treasury bonds.

Ivan Soto-Wright, MoonPay’s CEO, highlighted the strategic significance of this acquisition, stating that it empowers enterprises, fintechs, and global merchants with instant, programmable payments. This move follows MoonPay's acquisition of Helio, a Solana-based blockchain payment processor, in January for $175 million. Helio’s existing integrations with platforms like Shopify and Discord further enhance MoonPay’s capabilities in crypto on-ramp services and payment solutions.

The acquisition of Iron is part of MoonPay's broader strategy to capture the rapidly growing stablecoin payment market. Stablecoins, with over $230 billion in circulation, have become one of blockchain’s most viable use cases. The success of stablecoins is largely attributed to integrations by major fintech payment providers, which have driven widespread industry adoption. This trend is expected to continue as more companies integrate stablecoin solutions into their payment infrastructures.

MoonPay’s acquisition of Iron positions the company at the forefront of enterprise-grade stablecoin solutions. With Iron’s technology, MoonPay now offers a comprehensive suite of services, including stablecoin payments, treasury and liquidity management, 24/7 money movement, and built-in anti-money laundering (AML), know your customer (KYC), and risk management solutions. This acquisition is expected to enhance MoonPay's capabilities in providing efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces.

In December, MoonPay secured approval under Europe’s cryptocurrency regulation, Markets in Crypto-Assets (MiCA), which creates a unified regulatory environment for digital assets in the European Economic Area (EEA). This achievement underscores MoonPay's readiness to expand its footprint in the region while maintaining security and compliance. The acquisition of Iron is MoonPay's second major deal in two months, highlighting its ambition to capture the rapidly growing stablecoin payment market.