Then: This week saw major bets on Bitcoin and stablecoins. U.S. Fed now sees Bitcoin as a 'hard reserve asset.' Rumble bought $17M in Bitcoin as part of its treasury strategy. Meanwhile, MEXC Ventures invested in Ethena, acquiring $16M in ENA and $20M in USDe. Ripple acquired the DFSA license in UAE. And MoonPay doubled down on infrastructure, acquiring Iron to expand its stablecoin capabilities.
Takeaway: Crypto is becoming a core part of institutional strategy.
“I could potentially see Bitcoin to become the 21st century gold. If Bitcoin is sometimes called “digital gold”, Ethereum would then be the “digital silver”!”
— Marion Laboure, Analyst at Deutsche Bank Research
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MoonPay acquired Iron, an API-first stablecoin infrastructure platform, in a nine-digit deal (>$100'000M). [Announcement]
The goal? Expand MoonPay's enterprise offering with stablecoin payments.
What you should know: With 30M users, MoonPay now delivers a complete financial infrastructure with stablecoin payments, treasury management, and 24/7 transactions.
