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MoonPay has acquired Iron, an API-driven stablecoin infrastructure startup, in a move to enhance its enterprise payment solutions. This marks MoonPay’s second major acquisition in two months, reinforcing its ambition to lead the growing stablecoin payments sector. With Iron’s technology, MoonPay aims to offer businesses instant, low-cost, and borderless stablecoin transactions. The deal mirrors PayPal’s acquisition of Braintree, which helped establish its dominance in credit card processing. “This is our Braintree moment,” MoonPay CEO Ivan Soto-Wright told CNBC. The stablecoin market saw $27 trillion in transactions in 2024, with businesses increasingly adopting blockchain-based payments. MoonPay’s expansion comes amid competition from Stripe, which recently acquired Bridge Network in a $1.1 billion deal. MoonPay, valued at $3.4 billion, reported a 112% increase in net revenue in 2024. Last October, Venmo partnered with MoonPay, enabling its 60 million U.S. users to buy crypto using their Venmo balances. CNBC reporting helped with this article.

Tether CEO Paolo Ardoino shared his thoughts into the future of stablecoins and the impact of new legislation from the White House. Ardoino stated during a Bloomberg TV interview on Thursday that the Trump administration’s recently proposed stablecoin bill can provide regulatory clarity and would benefit the role of digital U.S. dollars. “This bill would unlock very much clarity on the stablecoin role for the future of the U.S. dollar and how we should be managed in a very safe and serious way,” Ardoino explained. He emphasized that Tether’s growth has been remarkable, particularly in emerging markets and developing countries, where the company sees around 40 million new wallets added each quarter. Ardoino also discussed Tether’s strategic partnership with Cantor Fitzgerald. “Our relationship with Cantor is strong and we are grateful to the fact that they onboarded us,” he said. He explained that Cantor conducted thorough due diligence on Tether before deciding to allow them to hold U.S. Treasury bills. “The past administration in the United States just tried to almost kill crypto,” Ardoino added, highlighting the importance of Cantor’s trust and partnership. This relationship reinforces Tether’s credibility within the traditional financial sector, signaling a shift toward broader acceptance of stablecoins in mainstream finance. When asked why Tether is not based in the U.S., Ardoino pointed to the global demand for U.S. dollars. “If you go outside the U.S. and you make a dozen people in the street and you ask them, ‘Would you prefer to hold the U.S. dollar or your national currency?’ they will all choose the dollar,” he said. He further explained that there are 3 billion people “not having access to traditional systems” and are “desperate” to have easy access to the dollar. Tether has strategically positioned itself to meet this demand, contributing to the strength of the dollar abroad while providing financial solutions to underserved populations. Ardoino also discussed the geopolitical importance of stablecoins and how it can positively impact the greenback. “We are building infrastructure in emerging markets, and I believe these are the last strongholds of support for the U.S. dollar,” he noted. This reflects Tether’s strategic positioning to strengthen the dollar’s global presence while addressing financial accessibility challenges in underserved markets. Ardoino’s insights underscore Tether’s pivotal role in the evolving financial landscape, where stablecoins are poised to bridge gaps between traditional and digital economies.

Securitize integrates RedStone Oracle to expand tokenized funds in DeFi Securitize, a tokenization and security token platform, has chosen RedStone as its first oracle provider to bridge its tokenized funds—issued for institutions like Apollo, BlackRock, Hamilton Lane and KKR—into decentralized finance (DeFi), according to The Block. The integration will enable these assets, including BlackRock's BUIDL and Apollo’s ACRED, to be used as collateral and in money market platforms like Compound $COMP) and Morpho $MORPHO. Securitize previously lacked oracle support, limiting DeFi functionality. RedStone’s modular design allows rapid deployment across multiple blockchains, enhancing interoperability and efficiency.

Zero Hash, a crypto and stablecoin infrastructure provider, is expanding its solution with the integration of PayPal USD. The crypto-as-a-service platform announced the integration of PayPal USD ( PYUSD ) on Mar.10, noting that users can now access the stablecoin on the Ethereum ( ETH ) and Solana ( SOL ) networks. PYUSD, a PayPal stablecoin issued by Paxos, is the latest product Zero Hash is adding to its suite. The platform already offers payments and other services integration with top stablecoins Tether ( USDT ) and USDC ( USDC ). Others are Dai, Circle’s euro-backed EURC, Ripple’s RLUSD, and Paxos’ Pax Dollar. Users will benefit from the U.S. dollar-pegged stablecoin’s features via Zero Hash’s application programming interface and software development kits. “Zero Hash offers the tech stack that powers use cases across Stripe’s payout products, on-ramps including Shift4, and tokenization payment rails used by Franklin Templeton,”said Edward Woodford, founder and chief executive officer at Zero Hash. Beyond cross-border payments and trading, Zero Hash’s customer base spans use cases such as remittances, tokenization, on- and off-ramps, wallet integration, and payrolls. This has led the platform to partner with Felix, Securitize and Kalshi. Backed by Point72 Ventures, Bain Capital and Nyca Partners, Zero Hash also has an extensive regulatory footprint. It has approval as a money service business by the Financial Crimes Enforcement Network and also holds a money transmitter license that allows it to operate across 51 jurisdictions in the U.S. Backed by Point72 Ventures, Bain Capital, and Nyca Partners, Zero Hash also has an extensive regulatory footprint. It is registered as a money service business with the Financial Crimes Enforcement Network and holds a money transmitter license that allows it to operate across 51 jurisdictions in the U.S. Meanwhile, PayPal USD launched in August 2023 and offers a 1:1 U.S. dollar backed stablecoin. Currently, PYUSD is the ninth-largest by market cap with over $720 million and is natively available on Ethereum and Solana. The stablecoin also recently expanded to Cardano via the Wanchain cross-chain bridge.

Recent remarks from US Treasury Secretary Scott Bessent have ignited discussions about XRP’s role in maintaining the US dollar’s position as the global reserve currency. Speaking at the White House Crypto Summit, Bessent affirmed that the US intends to keep its currency dominant and is considering stablecoins as part of this strategy. The US government continues to assess digital assets as a means to extend dollar dominance according to Bessent. The comments from Bessent have triggered market predictions that the USD-stablecoin RLUSD from Ripple will contribute significantly to this planned transition. RLUSD maintains two operating platforms that include XRP Ledger and Ethereum while showing robust growth over recent months. RLUSD maintains $140 million worth of market capitalization as its adoption has expanded rapidly. The growth pattern of RLUSD trading volume exceeds 327% during the last twelve months since its adoption in international transactions became more prevalent. Support from regulatory bodies acts as a major strength for RLUSD. The stablecoin received multiple regulatory approvals which positioned it to enter as a major player in the stablecoin sector. USDC issued by Circle maintains its position as fierce competition because of its regulatory approvals in the Middle East. Banks operating under the US Office of the Comptroller of the Currency (OCC) received permission to participate in stablecoin transactions based on Interpretive Letter 1183. The Office of the Comptroller of the Currency through Interpretive Letter 1183 introduced a new regulatory environment which enables financial institutions to work with RLUSD in their daily operations. The newly established regulatory framework makes analysts predict better conditions for XRP to function as a bridge asset in payment transactions. The growing interest in RLUSD should create higher XRP demand which may affect its market value. XRP obtained stronger regulatory support when it became part of the Crypto Strategic Reserve and Digital Asset Stockpile operations. XRP’s future depends heavily on the Ripple versus SEC lawsuit outcome, which institutions follow closely. XRP faces a 6% price decline during the past 24 hours and currently holds a market value of $2.33. The trading volume has recorded a decrease reaching 38.34% during this period. The market expects XRP to succeed in the long run once regulatory challenges are dealt with effectively. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.