MoonPay is expanding in the enterprise stablecoin market through the acquisition of Iron, an API-focused stablecoin infrastructure developer. This acquisition will enable MoonPay’s enterprise customers to accept stablecoin payments instantly and at a low cost. The integration of Iron’s technology allows companies to manage their stablecoin treasuries in real time and invest in yield-bearing assets like US Treasury bonds. MoonPay's CEO, Ivan Soto-Wright, emphasized the importance of providing instant, programmable payments to businesses and global merchants. This deal follows MoonPay's previous acquisition of Helio, a Solana-based blockchain payment processor, which further enhances its crypto payment solutions. As the stablecoin market has rapidly grown, reaching over $230 billion, industry players like Tether-backed fintech Mansa are also making strides in stablecoin payment infrastructures. Notably, the growth of stablecoins has been aided by integrations from companies like Stripe and PayPal, highlighting their significance in the crypto ecosystem.

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