MoonPay, a web3 infrastructure provider, has recently acquired stablecoin infrastructure developer Iron, following its previous acquisition of crypto payments platform Helio. This acquisition significantly broadens MoonPay’s services, offering solutions for managing multi-currency treasuries, facilitating instant cross-border payments, and creating revenue through yield-bearing assets.
MoonPay’s co-founder and CEO, Ivan Soto-Wright, expressed that this strategic move places MoonPay at the forefront of stablecoin solutions for enterprises. By integrating Iron’s technology, MoonPay aims to empower businesses, fintechs, and global merchants with instant programmable payment capabilities.
Iron’s co-founder and CTO, Omid Aladini, mentioned that the interest in Iron’s stablecoin API has been remarkable, and joining forces with MoonPay will enable them to scale faster. Their developer-first API experience is designed to support various entities in moving stablecoins across crypto ecosystems and fiat rails, laying the groundwork for the future of financial transactions.
MoonPay’s previous acquisition of Helio in January added to its portfolio. Helio, a Solana crypto payment processor, enables merchants and creators to accept cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and SOL.
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