MoonPay is pleased to announce our strategic acquisition of Iron, which is described as an API-first stablecoin infrastructure platform.
The acquisition is said to significantly expand their product and business offerings, enabling companies to:
- manage multi-currency treasuries
- facilitate instant cross-border payments
- generate new revenue through yield-bearing assets
Building on the momentum from our recent acquisition of Helio, Solana’s premier payment processor, acquiring Iron further solidifies our position as a leader in the crypto payments space.
Here’s what our Iron acquisition means for businesses:
- Enterprises: Eliminate slow bank transfers, manage multi-currency treasuries, and move funds across borders in seconds.
- Fintechs & Payment Processors: Integrate stablecoin rails for fast, secure, and compliance-first payments.
- Marketplaces & Merchants: Accept stablecoins, settle instantly, and avoid the high fees of traditional payment networks.
MoonPay’s co-founder and CEO, Ivan Soto-Wright said:
“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions. With Iron’s technology, we’re putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants.”
This announcement comes at a pivotal moment in the industry’s development as stablecoins, DeFi infrastructure, and regulatory clarity are now finally appearing to converge.
As covered earlier this year, MoonPay reported that it secured approval under the Markets in Crypto-Assets (MiCA) regulation.
Ratified by the European Parliament in April 2023, MiCA establishes a unified regulatory environment for digital assets “across the European Economic Area (EEA)—the world’s second-largest crypto economy behind North America.” MiCA aims to regulate all types of digital assets with the exception of crypto which are deemed to be securities.
Their approval signals MoonPay’s readiness to deepen its European presence while maintaining “strict security standards and regulatory compliance.”
MoonPay’s co-founder and CEO, Ivan Soto-Wright said:
“This approval is a testament to MoonPay’s proactive approach to regulation and our commitment to building a trusted bridge between the traditional financial world and the rapidly evolving crypto ecosystem. MiCA represents a pivotal moment for the European digital asset industry, and we’re proud to have worked collaboratively with the Dutch AFM to be among the first to embrace this new regulatory framework.”
MiCA is effectively the first set of uniform rules to be enforced across a large geography.
