03-14-2025, 12:50 AM
MoonPay acquires API stablecoin infrastructure platform Iron
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTkwM2MtYWFkOS03YmZjLTgxYmMtYjg1MDIzZDNmOWM1.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTkwM2MtYWFkOS03YmZjLTgxYmMtYjg1MDIzZDNmOWM1.jpg" alt="MoonPay acquires API stablecoin infrastructure platform Iron"></p><p>Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount. <p>According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds. </p><figure><img alt="Payments, Stablecoin" src="https://s3.cointelegraph.com/uploads/2025-03/01959046-a9c0-7333-b02a-14fcd2059686" title=""><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/moonpay/status/1900165174952075663" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/moonpay/status/1900165174952075663"><em>MoonPay</em></a></p></figcaption></figure><p>“With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants,” said Ivan Soto-Wright, MoonPay’s CEO.</p><p>The Iron deal marks MoonPay’s second high-profile acquisition this year. In January, the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/moonpay-acquires-helio-175m-solana-payment-expansion" rel="" target="_self" text="null" title="https://cointelegraph.com/news/moonpay-acquires-helio-175m-solana-payment-expansion">company acquired Helio</a>, a Solana-based blockchain payment processor, for $175 million. Helio’s existing integrations with Shopify and Discord give MoonPay further inroads into crypto on-ramp services and payment solutions. </p><p>MoonPay isn’t the only company making inroads into stablecoin payments. As Cointelegraph recently reported, Tether-backed fintech Mansa <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mansa-raises-10m-stablecoin-cross-border-payments" rel="" target="_self" text="null" title="https://cointelegraph.com/news/mansa-raises-10m-stablecoin-cross-border-payments">raised $10 million</a> to further expand its cross-border stablecoin payment infrastructure.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stablecoin-push-dollar-dominance-positive-for-bitcoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stablecoin-push-dollar-dominance-positive-for-bitcoin"><em><strong>Bitcoin may benefit from US stablecoin dominance push</strong></em></a></p><h2>Business integrations driving stablecoin adoption</h2><p>At more than $230 billion in circulation, stablecoins have become one of blockchain’s most viable use cases. The industry’s success is largely owed to stablecoin integrations by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs">major fintech payment providers</a>, according to Polygon Labs CEO Marc Boiron. </p><p>In a recent interview with Cointelegraph, Boiron said, “Companies like Stripe and PayPal integrating stablecoins is likely the primary catalyst for their growth.”</p><figure><img alt="Payments, Stablecoin" src="https://s3.cointelegraph.com/uploads/2025-02/01952443-ea15-7aba-9fb7-514186791f44" title=""><figcaption style="text-align: center;"><p><em>From regulatory scrutiny to widespread industry adoption, the stablecoin market has grown rapidly since 2020. Source: </em><a data-ct-non-breakable="null" href="https://www.spglobal.com/ratings/en/research/articles/250210-stablecoin-regulation-gains-global-momentum-13400761" rel="nofollow noopener" target="_blank" text="null" title="https://www.spglobal.com/ratings/en/research/articles/250210-stablecoin-regulation-gains-global-momentum-13400761"><em>S&P Global</em></a></p></figcaption></figure><p>Boiron said one of the industry’s most promising developments is yield-bearing stablecoins, which allow holders to earn decentralized finance yield through traditional collateralization. </p><p>Yield-bearing stablecoin alternatives are on the cusp of a major breakthrough after the US Securities and Exchange Commission <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sec-approves-first-yield-bearing-stablecoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/sec-approves-first-yield-bearing-stablecoin">approved the first yield-bearing stablecoin security</a> in February. The approval goes hand in hand with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tom-emmer-pro-stablecoin-bill-cbdcs-un-american" rel="null" target="null" text="null" title="null">regulatory efforts</a> to establish clear stablecoin laws in the United States. </p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs"><em><strong>Bitcoin payments are being undermined by centralized stablecoins</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/moonpay-a...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTkwM2MtYWFkOS03YmZjLTgxYmMtYjg1MDIzZDNmOWM1.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTkwM2MtYWFkOS03YmZjLTgxYmMtYjg1MDIzZDNmOWM1.jpg" alt="MoonPay acquires API stablecoin infrastructure platform Iron"></p><p>Cryptocurrency payments company MoonPay is expanding its presence in the enterprise stablecoin market with the acquisition of Iron, an API-focused stablecoin infrastructure developer, for an undisclosed amount. <p>According to a March 13 announcement, the acquisition will give MoonPay’s enterprise customers the ability to accept stablecoin payments instantly and at a low cost. Iron’s integration also means companies can manage their stablecoin treasuries in real time and use the funds to acquire yield-bearing assets like US Treasury bonds. </p><figure><img alt="Payments, Stablecoin" src="https://s3.cointelegraph.com/uploads/2025-03/01959046-a9c0-7333-b02a-14fcd2059686" title=""><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/moonpay/status/1900165174952075663" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/moonpay/status/1900165174952075663"><em>MoonPay</em></a></p></figcaption></figure><p>“With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants,” said Ivan Soto-Wright, MoonPay’s CEO.</p><p>The Iron deal marks MoonPay’s second high-profile acquisition this year. In January, the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/moonpay-acquires-helio-175m-solana-payment-expansion" rel="" target="_self" text="null" title="https://cointelegraph.com/news/moonpay-acquires-helio-175m-solana-payment-expansion">company acquired Helio</a>, a Solana-based blockchain payment processor, for $175 million. Helio’s existing integrations with Shopify and Discord give MoonPay further inroads into crypto on-ramp services and payment solutions. </p><p>MoonPay isn’t the only company making inroads into stablecoin payments. As Cointelegraph recently reported, Tether-backed fintech Mansa <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mansa-raises-10m-stablecoin-cross-border-payments" rel="" target="_self" text="null" title="https://cointelegraph.com/news/mansa-raises-10m-stablecoin-cross-border-payments">raised $10 million</a> to further expand its cross-border stablecoin payment infrastructure.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stablecoin-push-dollar-dominance-positive-for-bitcoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stablecoin-push-dollar-dominance-positive-for-bitcoin"><em><strong>Bitcoin may benefit from US stablecoin dominance push</strong></em></a></p><h2>Business integrations driving stablecoin adoption</h2><p>At more than $230 billion in circulation, stablecoins have become one of blockchain’s most viable use cases. The industry’s success is largely owed to stablecoin integrations by <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs">major fintech payment providers</a>, according to Polygon Labs CEO Marc Boiron. </p><p>In a recent interview with Cointelegraph, Boiron said, “Companies like Stripe and PayPal integrating stablecoins is likely the primary catalyst for their growth.”</p><figure><img alt="Payments, Stablecoin" src="https://s3.cointelegraph.com/uploads/2025-02/01952443-ea15-7aba-9fb7-514186791f44" title=""><figcaption style="text-align: center;"><p><em>From regulatory scrutiny to widespread industry adoption, the stablecoin market has grown rapidly since 2020. Source: </em><a data-ct-non-breakable="null" href="https://www.spglobal.com/ratings/en/research/articles/250210-stablecoin-regulation-gains-global-momentum-13400761" rel="nofollow noopener" target="_blank" text="null" title="https://www.spglobal.com/ratings/en/research/articles/250210-stablecoin-regulation-gains-global-momentum-13400761"><em>S&P Global</em></a></p></figcaption></figure><p>Boiron said one of the industry’s most promising developments is yield-bearing stablecoins, which allow holders to earn decentralized finance yield through traditional collateralization. </p><p>Yield-bearing stablecoin alternatives are on the cusp of a major breakthrough after the US Securities and Exchange Commission <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sec-approves-first-yield-bearing-stablecoin" rel="" target="_self" text="null" title="https://cointelegraph.com/news/sec-approves-first-yield-bearing-stablecoin">approved the first yield-bearing stablecoin security</a> in February. The approval goes hand in hand with <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tom-emmer-pro-stablecoin-bill-cbdcs-un-american" rel="null" target="null" text="null" title="null">regulatory efforts</a> to establish clear stablecoin laws in the United States. </p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs" rel="" target="_self" text="null" title="https://cointelegraph.com/news/stripe-paypal-primary-catalysts-stablecoin-growth-polygon-labs"><em><strong>Bitcoin payments are being undermined by centralized stablecoins</strong></em></a></p><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template></p>
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https://cointelegraph.com/news/moonpay-a...er_inbound