Web3 Company MoonPay Expands Offerings with Iron Acquisition

MoonPay, a leading Web3 infrastructure provider, has expanded its capabilities with the acquisition of Iron, a developer specializing in stablecoin infrastructure.

This move follows MoonPay’s recent purchase of crypto payment platform Helio just months earlier.

The integration of Iron’s technology enables MoonPay to offer advanced solutions for managing multi-currency treasuries, enhancing cross-border payment processes, and enabling new revenue streams through yield-bearing assets.

Ivan Soto-Wright, MoonPay’s co-founder and CEO, emphasized the strategic importance of this acquisition, stating that it strengthens the company’s position in the growing stablecoin market. With Iron’s innovations, MoonPay aims to provide enterprises, fintechs, and global merchants with powerful tools for instant, programmable payments.

Iron’s co-founder and CTO, Omid Aladini, shared his excitement about the future prospects of the collaboration. He noted that joining MoonPay will allow Iron to scale its operations significantly faster, providing a seamless, developer-focused API to facilitate the movement of stablecoins across crypto and fiat systems. This infrastructure is designed to support the next wave of global financial innovation.

Earlier in the year, MoonPay also acquired Helio, a payment processor for the Solana blockchain, broadening its scope to include more crypto payment solutions for merchants and creators, further establishing its influence in the evolving digital economy.