On March 13, 2025 MoonPay bought Iron to quicken growth of its payment channels for companies. MoonPay seeks control over stablecoin payments by purchasing Iron less than two months after its last acquisition.
Through Iron technology MoonPay wants to let businesses exchange stablecoins at low cost and without borders to simplify digital asset payments for companies. People compare this deal to PayPal’s Braintree purchase in 2013 because it helped PayPal take charge of credit card processing.
According to MoonPay CEO Ivan Soto-Wright in his interview with CNBC, this represents the core opportunity for the company.
Stablecoin Market Expands with Blockchain Payments
Over the past several years the stablecoin market grew exceptionally fast. During 2024 companies implemented blockchain-based payments for their businesses, which generated $27 trillion in stablecoin transactions because of how fast, reliable, and affordable these payments are.
MoonPay plans its growth during an intense moment of contest between financial technology (fintech) and crypto payment service providers. In March 2019 payments giant Stripe took steps to strengthen blockchain payment tools by using $1.1 billion to buy Bridge Network.
MoonPay prepares itself to give businesses better stablecoin payment services through their acquisition of Iron in this increasingly competitive landscape. By merging services with Iron MoonPay will deliver better cross-border solutions to people worldwide.
MoonPay stands as a $3.4 billion valued company experiencing 112% growth in net income throughout 2024. The company keeps growing its position in crypto payments while working with other organizations and launching fresh products.
In 2022 MoonPay started working with Venmo, which let their 60 million registered users spend their stored money to purchase digital currencies. ClientOriginal crypto transactions became easier for regular users to access at this time.
According to industry analysts, MoonPay’s new purchase strengthens the path toward blockchain payment system acceptance by stablecoin users. Pegged stablecoins support the U.S. dollar and other fiat money values to make a more dependable payment system than Bitcoin and Ethereum.
MoonPay will extend its business payments services when it adds Iron’s technology to reach more companies that need stablecoin solutions for international payments and payroll.
MoonPay works to become a top cryptocurrency company by making significant growth steps in their market space. MoonPay uses its latest acquisition to seize market advantages against Stripe but success will show over time.
