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MoonPay has acquired stablecoin infrastructure firm Iron in a deal exceeding $100 million, The Block reports citing sources familiar.
What’s the Scoop?
- Large Acquisition: MoonPay announced the acquisition of stablecoin infrastructure company Iron in a deal valued at over $100 million, positioning itself as a leader in enterprise-grade stablecoin solutions.
- Expanded Services: Post-acquisition, MoonPay will integrate Iron's technology to offer enterprise-grade stablecoin payment services, complete with compliance features like anti-money laundering protections.
- Strategic Move: This acquisition is comparable to Stripe’s acquisition of Bridge, indicating a competitive positioning within crypto payment services.
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