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MoonPayCNBC
•Business
Business & Economics
71% Informative
MoonPay , a leading crypto payments company, has acquired Iron , an API-driven startup specializing in stablecoin infrastructure.
This marks MoonPay 's second major acquisition this year , following its $175 million purchase of Helio in January .
Stablecoins make it easier and cheaper to switch between currencies and to move money digitally.
MoonPay was last valued at $3.4 billion when it raised its last round of funding in 2021 .
VR Score
77
Informative language
80
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37
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semi-formal
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English
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58
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short-lived
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