MoonPay is making its largest acquisition to date by purchasing Helio Pay for $150 million. This move is part of MoonPay's strategy to strengthen its payment services and establish a stronger presence in the digital asset market.

MoonPay will expand its capabilities in serving merchants and incorporate Helio's innovative technology into its existing payment infrastructure. This will benefit MoonPay's global user base of over 20 million accounts.

Helio Pay specializes in facilitating crypto payments for merchants, including the integration of Solana Pay into Shopify. This technology enables eCommerce merchants to accept stablecoin payments such as USDC, PYUSD, and EURC, with automatic conversion features.