MoonPay is enhancing its enterprise stablecoin capabilities through the acquisition of Iron, an API-centric stablecoin infrastructure developer. This acquisition enables MoonPay's enterprise clients to process stablecoin payments instantly and at reduced costs, while also allowing real-time management of stablecoin treasuries for acquiring yield-bearing assets, such as US Treasury bonds. MoonPay CEO Ivan Soto-Wright stated that Iron's technology empowers enterprises and global merchants with instant, programmable payments. This marks MoonPay's second major acquisition this year, following its purchase of a Solana-based payment processor, Helio, for $175 million in January. The stablecoin market, currently exceeding $230 billion in circulation, is experiencing rapid growth, driven largely by integrations from companies like Stripe and PayPal. The landscape for yield-bearing stablecoins is particularly promising, with recent regulatory approvals signifying a shift towards clearer stablecoin laws in the U.S.

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