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Moonpay bought Stablecoin Infrastructure Platform Iron with the latest M&A deal, no price provided

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Cryptocurrency app Moonpay, got iron, an API -focused infrastructure platform, the company said in a press release Thursday.

The acquisition will significantly increase the offerings of the MoonPay enterprise, the company based in Miami said and allowed businesses to accept Stablecoin payments.

No given price of taking, but a Report It is said that the deal costs at least $ 100 million.

The M&A activity in the crypto space is hotting up. Exchange options Will was in the conversations available, with a number of potential suitors paying for the company, as CoinDesk reported last month. Crypto trading platform Bitmex Also looking for a buyer.

Stripe said Buy it Stablecoin Platform Bridge for $ 1.1 billion in October last year, with the biggest crypto acquisition of a major payment company to this day.

“This acquisition is a strategic step forward, positioning Moonpay ahead of Stablecoin grade solutions,” said Ivan Soto-Wright, Moonpay’s CEO, on the release.

Moonpay bought Helio, a crypto payment processor powered by Solana, in January.

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