MoonPay expands stablecoin offerings with $100M Iron acquisition

Cryptocurrency payments company MoonPay has acquired Iron, an API-focused stablecoin infrastructure platform, in a deal worth at least $100 million.

This acquisition marks MoonPay's second significant purchase in 2025, following its $175 million acquisition of Helio, a Solana-based payments firm, in January.

The integration of Iron's technology will enable MoonPay to offer enterprise-grade stablecoin solutions, allowing businesses to accept stablecoin payments instantly and at low costs.

Companies will be able to manage their stablecoin treasuries in real-time and use funds to acquire yield-bearing assets such as U.S. Treasury bonds.

"With Iron's technology, we're putting the power of instant, programmable payments into the hands of enterprises, fintechs, and global merchants," stated MoonPay CEO Ivan Soto-Wright, emphasising the strategic importance of this acquisition.

He compared this move to PayPal's acquisition of Braintree, which processes nearly $600 billion in total payment volume annually.

The stablecoin market has grown significantly, with over $230 billion in circulation.

This growth is largely attributed to integrations by major fintech payment providers, driving widespread industry adoption.

MoonPay's acquisition of Iron positions the company to compete with other major players in the space, such as Stripe, which acquired stablecoin platform Bridge for $1.1 billion in October 2024.

MoonPay's expanded offerings now include stablecoin payments, treasury and liquidity management, 24/7 money movement, and built-in anti-money laundering (AML), know-your-customer (KYC), and risk management solutions.

This comprehensive suite of services aims to provide efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces.

The acquisition of Iron aligns with MoonPay's broader strategy to capture the rapidly growing stablecoin payment market and solidify its position as a leader in enterprise-grade stablecoin solutions.

As the cryptocurrency industry continues to evolve, MoonPay's latest move demonstrates its commitment to expanding its capabilities and meeting the growing demand for stablecoin-based payment infrastructure.