Iron

What is Iron?

Iron (by MoonPay) is a stablecoin payment infrastructure provider that offers API-first tools for virtual accounts, fiat on and offramps, and global payouts. It targets businesses that need to move between fiat and stablecoins at scale, with coverage across 100+ countries and support for 30+ payout currencies.

On BankList, it fits best under Stablecoin Infrastructure because the core product is developer tooling for stablecoin settlement rather than a retail wallet or exchange.

Key Features & Services

Virtual accounts that settle into stablecoins

The platform offers named virtual accounts in EUR, USD, and GBP. Incoming fiat can automatically settle into stablecoins, which is useful for workflows like payroll funding, treasury concentration, and collections where teams want stablecoin settlement without manual conversions.

Fiat on and offramp options (API and widgets)

It supports programmatic conversion between fiat and stablecoins through developer APIs, and also offers pre-built UI widgets for faster implementation. This design can suit teams building an online onramp/offramp experience inside a wallet, fintech app, or PSP product.

Global payouts to bank transfers (30+ currencies)

For offramps, stablecoins can be converted into 30+ global currencies for bank transfers. This is aimed at international payouts, contractor payments, and remittance-style use cases where recipients ultimately want local currency in a bank account.

Checkout widget for stablecoin acceptance

A checkout or point-of-sale style widget supports accepting stablecoins and settling in either fiat or stablecoins. For merchants and platforms, this is positioned as an integration path that avoids building a full crypto payment flow from scratch.

Compliance and enterprise controls (KYC plus dashboard)

The service includes KYC capabilities and offers multiple integration options: sandbox, APIs, widgets, and a management dashboard. If you’re evaluating providers with a focus on controls and oversight, the relevant BankList filter is Regulated and Licensed.

Pricing & Fees

Pricing is described as fee-based, with a mix of transaction fees, bank rail fees for external transfers, and variable network fees.

Fee type	What it applies to	What’s disclosed
Transaction fee	Core transactions (varies by service)	Typically 1%, range 0% to 10%
Bank rail fees	External bank transfers	Applies (amount not specified)
Network fees	Blockchain network costs	Variable
1:1 conversions	Direct counterparts	USD→USDC/USDT and EUR→EURC noted as 1:1

Notes to consider when comparing costs:

• A “typically 1%” transaction fee may be competitive for some B2B stablecoin flows, but the upper band (up to 10%) can materially change unit economics for high-volume payouts or remittance providers.
• Network fees add another variable line item for on-chain settlement, especially during periods of congestion.
• The 1:1 conversion note (for direct pairs like USD to USDC/USDT and EUR to EURC) can reduce FX-style spread in those specific routes, but you still need to account for transaction fees and any rail or network costs.

Pros and Cons

Pros

• Strong proof points published on its site: $10B volume processed and 35M end user accounts.
• Indicates broad compliance coverage with 50+ global licenses.
• Multi-jurisdiction licensing list includes FCA (UK), FinCEN MSB (US), FINTRAC MSB (Canada), AUSTRAC DCE (Australia), AFM Netherlands CASP (MiCA/EEA), Jersey FSC VASP, NYDFS BitLicense, plus money transmitter licenses across 47 US states and territories.
• Multiple integration paths (APIs, sandbox, widgets, dashboard) suit both developer teams and operations teams.
• 30+ global currencies supported for offramps, which helps with cross-border bank payouts.
• Security posture is supported by stated SOC 2 and ISO 27001 certifications.
• Offers named virtual accounts in EUR, USD, and GBP with automatic settlement into stablecoins.

Cons

• Transaction fees can be as high as 10% depending on service and route, which can be expensive for some business models.
• Blockchain transfers are irreversible once broadcast, which raises operational risk for payouts (wrong address, wrong chain).
• USDT support is noted as lacking MiCA compliance safeguards, which may matter for EEA-focused programs.
• Bank rail fees for external transfers apply, but the exact schedule isn’t specified in the provided data.
• Network fees are variable, which can complicate pricing predictability.
• Regulatory status is strong on paper, but buyers still need to confirm which licensed entity is contracting and which countries are covered for their exact use case.

Who Is Iron Best For?

This platform is mainly a B2B stablecoin and payments infrastructure layer. It’s a better fit for teams that need APIs, compliance tooling, and payout rails rather than a consumer-facing crypto app.

It’s typically suited for:

• Payroll providers paying international contractors and wanting stablecoin funding with local-currency bank payouts.
• Wallets and fintech apps that need fiat onramps and offramps via API or embedded widgets (an “online onramp” module inside an app).
• Payment service providers (PSPs) adding stablecoin acceptance via checkout-style integrations, with settlement in fiat or stablecoins.
• Exchanges that want additional fiat-to-stablecoin routes, plus offramps to bank transfers in 30+ currencies.
• Treasury teams that receive fiat into named virtual accounts (EUR/USD/GBP) and prefer stablecoin settlement for treasury operations.
• Remittance providers where stablecoins serve as the settlement leg, then recipients get paid out via bank transfer.

Compliance note: the licensing list includes regulators such as the FCA, FinCEN, FINTRAC, AUSTRAC, and NYDFS. For EEA operations, crypto providers are now often expected to align with MiCA-related registration and conduct requirements, and the AFM Netherlands CASP (MiCA/EEA) reference may be relevant depending on corridor.

Iron Alternatives

Below are directory alternatives in the same general industry (stablecoin and crypto infrastructure, payment acceptance, and on or offramps). The right pick depends on whether you want a pure onramp/offramp provider, a checkout-focused crypto payment processor, or an infrastructure layer focused on treasury and payouts.

1. Bridge: Often considered for stablecoin infrastructure use cases where teams need programmable money movement and settlement rails.
2. Rain: A crypto infrastructure provider that can be a better match if your priority is broader backend crypto operations.
3. MoonPay: A direct alternative for businesses that want crypto onramps/offramps tied to a large consumer and enterprise rails provider.
4. Transak: Commonly used for embedded crypto onramps, especially when product teams want a familiar widget-led integration path.
5. Coinbase Commerce: More checkout and merchant-payment oriented, which can be a better fit if acceptance is the primary need.

Quick comparison

Provider	Best for	Typical integration style
This platform	Virtual accounts, on/offramps, payouts	API + widgets + dashboard
Bridge	Stablecoin infrastructure projects	API-first
Rain	Crypto infrastructure operations	API-first
MoonPay	Broad on/offramp coverage	API + widgets
Transak	Embedded onramp in apps	Widget-led + API
Coinbase Commerce	Merchant crypto acceptance	Checkout integrations

Frequently Asked Questions

Is Iron regulated and licensed?

It publishes a list of licenses and registrations that includes FCA (UK), FinCEN MSB (US), FINTRAC MSB (Canada), AUSTRAC DCE (Australia), and NYDFS BitLicense, plus 47 US state and territory money transmitter licenses. Always confirm which legal entity and license applies to your country and use case.

What currencies do the virtual accounts support?

Named virtual accounts are listed for EUR, USD, and GBP. Incoming fiat can automatically settle into stablecoins.

How many payout currencies are supported?

Its site states support for 30+ global currencies for offramps to bank transfers. Coverage can vary by corridor, so confirm availability for your recipient countries.

What fees should I expect?

Fees include a transaction fee (typically 1%, ranging from 0% to 10%), bank rail fees for external transfers, and variable blockchain network fees. Some direct pairs are described as 1:1 (for example USD to USDC/USDT and EUR to EURC).

Is stablecoin settlement reversible?

No. Blockchain transfers are generally irreversible once broadcast, so payout and address controls matter.

This information is for educational purposes and does not constitute financial advice.