- 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.
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.
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.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Major US Tech Companies Pledge Support for Global Nuclear Power Expansion
- <h1>Cambodia’s Bakong Blockchain Payment System Transactions Reached $104.81 Billion in 2024</h1>
- Russian Crypto Exchange Administrator Arrested in India for $96 Billion Fraud
- ChainGPT Partners with io.net to Leverage Decentralized GPU Network for Smart Contract AI
- Binance Founder CZ Reportedly Seeking Presidential Pardon from Donald Trump
