Moonpay acquires Iron, an API-based stablecoin infrastructure platform

Cryptocurrency payments company MoonPay has acquired API-based stablecoin infrastructure developer Iron to launch stablecoin services for businesses.
MoonPay is expanding its presence in the online market. Through the integration of Iron technology, MoonPay will enable businesses to manage multi-currency financial transactions and build a stablecoin payment network.
According to the announcement, the acquisition will enable Moonpay's business clients to accept stablecoin payments instantly and at low cost.
Integrating Iron's technology would allow businesses to have real-time treasury control over their stablecoins, which could then be used to purchase income-generating assets such as U.S. Treasury bonds.
"Through Iron's technology, we are enabling businesses, fintech companies and global merchants to make instant, programmatic payments," said Moonpay CEO Ivan Soto-Wright.
"We will provide programmable (code-based, automatable) payment capabilities," he said. Meanwhile, the acquisition of Iron marks Moonpay's second major acquisition this year.
Last January, Moonpay launched its Solana-based blockchain payment processor, Helio, for $175 million.
There has been an acquisition.