MoonPay Acquires Stablecoin Infrastructure Platform Iron in Latest M&A Deal, Price Undisclosed
MoonPay Acquires Stablecoin Infrastructure Platform Iron in Latest M&A Deal
Will Canny | Edited by Steven Alpher on 13 March 2025, 16:25 UTC
Key points:
- MoonPay has acquired API-oriented stablecoin infrastructure platform Iron.
- Financial details of the deal were not made public, but the report said it was worth at least $100 million.
Cryptocurrency app MoonPay announced the acquisition of Iron, an API-focused stablecoin infrastructure platform, in a press release published on Thursday.
According to the Miami-based company, the acquisition will significantly strengthen Moonpay's enterprise capabilities and provide businesses with the ability to accept payments in stablecoins.
The acquisition price was not disclosed, but the report indicated the deal was worth at least $100 million.
M&A activity is on the rise in the crypto space. Options exchange Derebit is in talks to sell, with several potential buyers vying for the company, CoinDesk reported last month. Cryptocurrency trading platform BitMEX is also looking for a buyer.
Last October, Stripe agreed to acquire stablecoin platform Bridge for $1.1 billion, marking the largest cryptocurrency acquisition by a major payments company to date.
“This acquisition is a strategic move that places MoonPay at the forefront of enterprise-grade stablecoin solutions,” Ivan Soto-Wright, CEO of MoonPay, said in a press release.
In January, Moonpay acquired Helio, a Solana-based cryptocurrency payment processor.
Read more: MoonPay buys crypto payment processor Helio for $175 million
