Cryptocurrency App Moonpay, has acquired IRON, an API-focused stablecoin infrastructure platform, the company said in a press release on Thursday.
The acquisition will significantly increase Moonpay’s business offerings, the Miami-based company said, and will allow companies to accept stablecoin payments.
No acquisition award was given, but a report said the deal was worth at least $ 100 million.
M&A activity in the crypto area is warm up. Options Exchange Derebit is in conversations to be acquired with a number of potential volunteers fighting for the company, as reported by Coindesk last month. Crypto Trading Platform Bitmex is also looking for a buyer.
Stripe agreed to buy StableCoin Platform Bridge for $ 1.1 billion last October in the largest crypto acquisition of a major payment company to date.
“This acquisition is a strategic step forward that places Moonpay at the forefront of stablecoin solutions in business quality,” Ivan Soto-Wright, CEO of Moonpay, said in the release.
Moonpay bought Helio, a Solana-driven crypto payment processor, in January.
Read more: Moonpay Buys Crypto Payment Processor Helio for $ 175m
