Finance, MoonPay, M&A, Stablecoins MoonPay Buys Stablecoin Infrastructure Platform Iron in Latest M&A Deal
Cryptocurrency app MoonPay, has acquired Iron, an API-focused stablecoin infrastructure platform, the corporate stated in a press launch Thursday.
The acquisition will considerably enhance Moonpay’s enterprise choices, the Miami-based firm stated, and can permit companies to simply accept stablecoin funds.
No acquisition value was given, however a report stated the deal was price at the very least $100 million.
M&A exercise within the crypto area is hotting up. Options trade Derebit is in talks to be acquired, with numerous potential suitors vying for the corporate, as reported by CoinDesk final month. Crypto buying and selling platform BitMEX can be searching for a purchaser.
Stripe agreed to buy stablecoin platform Bridge for $1.1 billion in October final 12 months, within the largest crypto acquisition by a significant funds firm up to now.
“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions,” stated Ivan Soto-Wright, CEO of MoonPay, within the launch.
Moonpay purchased Helio, a Solana-powered crypto cost processor, in January.
Read more: MoonPay Buys Crypto Payment Processor Helio for $175M
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