MoonPay has acquired Iron, an API-focused stablecoin infrastructure company, in a deal valued at least $100 million, as per reports. A source with direct knowledge of the matter confirmed the “nine-figure” transaction to The Block, marking a significant move in the crypto payments sector.
breaking news: we've acquired @iron, an API-first stablecoin infrastructure platform!
— MoonPay 🟣 (@moonpay) March 13, 2025
with Iron’s technology, we’re putting the power and speed of stablecoins into the hands of enterprises, fintechs, and global merchants pic.twitter.com/5iQK5Vo6Ia
The acquisition positions MoonPay alongside Stripe, which made headlines in October 2024 with its $1.1 billion purchase of the stablecoin platform Bridge to expand its cryptocurrency payment services.
With this deal, MoonPay’s financial services will extend to enterprise-grade stablecoin offerings, enabling businesses to accept cross-border stablecoin payments and hold multi-currency treasuries or yield-bearing assets, such as U.S. Treasury bills.
Iron’s API-focused infrastructure will integrate anti-money laundering protections, know-your-customer protocols, and other risk management measures, reinforcing regulatory compliance within the stablecoin ecosystem.
MoonPay co-founder and CEO Ivan Soto-Wright emphasized the strategic importance of the acquisition.
“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions,” he said in a statement.
“With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants.”
This is not MoonPay’s first acquisition this year. In January, the company acquired Solana-based payments firm Helio in a $175 million deal, enhancing its support for BTC, ETH, and SOL settlements.
These acquisitions align with MoonPay’s broader objective of expanding its crypto payment services, allowing users to purchase cryptocurrencies using debit and credit cards, bank transfers, and mobile payment options like Google Pay and Apple Pay.
The move reflects a growing trend of consolidation within the crypto payments industry as firms seek to bolster their infrastructure and expand their service offerings. With Iron’s integration, MoonPay aims to strengthen its foothold in the enterprise payments space, leveraging stablecoins to facilitate seamless transactions for businesses worldwide.
Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.
