The cryptocurrency payment company expands its existence in the Stablecoin enterprise market along with iron extraction, an infrastructure developeer dedicated to API, for an unspecified amount.
According to a March 13 announcement, Acquisition will give MoonPay’s business customers of the ability to accept Stablecoin payments immediately and at a low cost. Iron integration also means that companies can manage their Stablecoin treasury in real time and use funds to obtain assets carrying yields such as US Treasury bonds.
Source: Moonpay
“In iron technology, we put instant power, program-programmed in the hands of businesses, fintech, and global merchants,” said Ivan Soto-Wright, CEO of Moonpay.
The iron deal marks MoonPay’s second high-profile acquisition this year. In January, the The company has gotten HelioA Blockchain payment processor based in Solana, for $ 175 million. Helio’s existing integration with Shopify and Discord gives Moonpay more incoming Crypto On-Ramp services and payment solutions.
Moonpay is not the only company that makes incoming stablecoin payments. As reported by Cointelegraph recently, supported by Tether FinTech Mansa Raised $ 10 million To further expand the stablecoin cross-border payment infrastructure.
Related: Bitcoin can benefit from US Stablecoin Dominance Push
Business Integration Driving Stablecoin Adoption
With more than $ 230 billion in circulation, Stablecoins became one of the most viable cases of blockchain use. Industry success is largely owed to stablecoin integrations by Major Fintech payment providerAccording to Polygon Labs CEO Marc Boiron.
In a recent -only interview with Cointelegraph, Biron said, “Companies like Stripe and PayPal integration of Stablecoins are likely to be the main catalyst as they grow up.”
From regulatory investigation to widespread industry adoption, the Stablecoin market has grown rapidly since 2020. Source: S&P Global
Bairon said one of the most promising industry development is the ani-bearing stablecoins, which allows holders to earn decentralized financial produce through traditional collateralization.
Stablecoin alternatives are in the cusp of a major success after the US Securities and Exchange Commission Approved the first security with the yield In February. Approval is together Regulatory efforts To establish clear Stablecoin laws in the United States.
Magazine: Bitcoin payments are weakened by centralized stablecoins
