Soto-Wright compared the acquisition to when PayPal bought Braintree, which handles credit card processing for companies like Meta and processed nearly $600 billion in total payment volume last year.
"This is our Braintree moment," said Soto-Wright. "Iron's technology positions MoonPay to become the definitive infrastructure provider for enterprise stablecoin solutions."
Stablecoins are cryptocurrencies pegged to real-world assets, and in 2024 alone, most of the $27 trillion transferred through stablecoins consisted of digital dollars moving seamlessly across blockchains.