MoonPay Acquires Iron to Expand Enterprise Stablecoin Payment Services

MoonPay Acquires Iron to Strengthen Enterprise Stablecoin Capabilities

  • MoonPay has acquired stablecoin infrastructure developer Iron to expand its enterprise stablecoin services.
  • The acquisition enables MoonPay’s clients to accept stablecoin payments with real-time treasury management capabilities.
  • This marks MoonPay’s second major acquisition in 2024, following its $175 million purchase of Solana-based Helio in January.

MoonPay has expanded its footprint in the enterprise stablecoin sector by acquiring API-focused stablecoin infrastructure developer Iron for an undisclosed sum. Announced on March 13, the deal enhances MoonPay’s ability to offer its enterprise customers instant, low-cost stablecoin payment solutions with real-time treasury management capabilities.

- Advertisement -

The Iron acquisition provides MoonPay’s business clients with tools to not only accept stablecoin payments efficiently but also manage their digital asset treasuries in real time. Additionally, these companies will be able to leverage their stablecoin holdings to acquire yield-bearing assets such as U.S. Treasury bonds.

“With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants,” stated Ivan Soto-Wright, MoonPay’s CEO.

This transaction represents MoonPay’s second significant acquisition in 2024, following its January purchase of Helio, a Solana-based blockchain payment processor, for $175 million. The Helio acquisition brought valuable integrations with Shopify and Discord, strengthening MoonPay’s crypto on-ramp and payment solution capabilities.

MoonPay isn’t alone in the stablecoin payments race. Recently, Tether-backed fintech company Mansa secured $10 million in funding to expand its cross-border stablecoin payment infrastructure, as Cointelegraph reported.

## Business Integration Driving Stablecoin Growth

Stablecoins have emerged as one of blockchain’s most successful applications, with over $230 billion in circulation. According to Marc Boiron, CEO of Polygon Labs, this success largely stems from integration by major payment providers.

- Advertisement -

In an interview with Cointelegraph, Boiron explained, “Companies like Stripe and Paypal integrating stablecoins is likely the primary catalyst for their growth.”

Boiron highlighted yield-bearing stablecoins as one of the industry’s most promising developments. These assets allow holders to earn decentralized finance yields through traditional collateralization methods.

The yield-bearing stablecoin sector received a significant boost when the U.S. Securities and Exchange Commission approved the first yield-bearing stablecoin security in February. This regulatory milestone complements ongoing efforts to establish clear stablecoin legislation in the United States.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

Bitcoin Drops 10% From Highs Amid Quantum Computing Warnings

Bitcoin dropped nearly 10% from its record high, falling close to $103,000 after reaching $112,000 last week. BlackRock warned that advances in quantum computing could...

Czech Justice Minister Resigns Over $45M Bitcoin Donation Scandal

Czech Justice Minister Pavel Blazek resigned after controversy over accepting and selling Bitcoin from a convicted criminal.The Justice Ministry auctioned nearly 500 Bitcoin, raising...

Uniswap (UNI) Rebounds Above $6 After Brief Uptrend Breakdown

Uniswap's UNI token dropped below its key uptrend line following a failed hold above the $6.00 support level.High trading volumes accompanied the decline, including...

Michael Saylor Invites Joe Rogan to Discuss Bitcoin on Podcast

Michael Saylor has shown interest in discussing Bitcoin on The Joe Rogan Experience podcast.The idea has generated excitement in the Bitcoin community, with some...

Congress Debates Stablecoin Bill Amid Rising Bank and Crypto Tensions

U.S. lawmakers are moving forward with the Senate Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, with debates set to resume after...

Must Read

What is Moon Tropica (CAH) – Technology, Tokenomics, Game Preview

Gaming enthusiasts and crypto enthusiasts, hHave you heard about Moon Tropica? If you're longing for that nostalgic feel of classic games from your childhood...