MoonPay Acquires Stablecoin Platform Iron for At Least $100 Million
MoonPay has acquired Iron, a stablecoin infrastructure platform, enhancing its ability to facilitate stablecoin payments for businesses. The acquisition is valued at over $100 million, though the exact price has not been disclosed.
Key points:
- MoonPay aims to expand enterprise offerings through this acquisition.
- M&A activity in the crypto sector is increasing, with Derebit and BitMEX seeking buyers.
- Stripe previously acquired Bridge for $1.1 billion, marking a significant move in the crypto space.
- This follows MoonPay's January purchase of Helio, a Solana-based payment processor.
CEO Ivan Soto-Wright noted that this acquisition positions MoonPay as a leader in enterprise-grade stablecoin solutions.