22 hours ago
Mar 13, 2025, 4:25 p.m. UTC
Cryptocurrency app MoonPay, has acquired Iron, an API-focused stablecoin infrastructure platform, the institution said successful a property merchandise Thursday.
The acquisition volition importantly summation Moonpay's endeavor offerings, the Miami-based institution said, and volition let businesses to judge stablecoin payments.
No acquisition terms was given, but a report said the woody was worthy astatine slightest $100 million.
M&A enactment successful the crypto abstraction is hotting up. Options speech Derebit is successful talks to beryllium acquired, with a fig of imaginable suitors vying for the company, arsenic reported by CoinDesk past month. Crypto trading level BitMEX is besides looking for a buyer.
Stripe agreed to buy stablecoin level Bridge for $1.1 cardinal successful October past year, successful the largest crypto acquisition by a large payments institution to date.
“This acquisition is simply a strategical measurement forward, positioning MoonPay astatine the forefront of enterprise-grade stablecoin solutions,” said Ivan Soto-Wright, CEO of MoonPay, successful the release.
Moonpay bought Helio, a Solana-powered crypto outgo processor, successful January.
Read more: MoonPay Buys Crypto Payment Processor Helio for $175M
Will Canny
Will Canny is an experienced marketplace newsman with a demonstrated past of moving successful the fiscal services industry. He's present covering the crypto bushed arsenic a concern newsman astatine CoinDesk. He owns much than $1,000 of SOL.
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