Fireblocks Launches Stablecoin Payments Network
Fireblocks unveils stablecoin payments network linking 40+ institutions for multi-stablecoin transfers.
- Fireblocks launches Network for Payments with 40+ partners
- Supports multi-stablecoin transactions across institutions
- Includes Circle, Zerohash, Yellow Card, and Bridge (acquired by Stripe)
Fireblocks, a leading crypto infrastructure provider valued at $8 billion, has launched its new stablecoin payments network, called the Fireblocks Network for Payments. This platform is designed to support seamless and secure multi-stablecoin transfers between financial institutions and crypto-native firms.
The new network already has more than 40 participants, including big names in the crypto world such as Circle, Zerohash, Yellow Card, and Bridge—the stablecoin startup recently acquired by Stripe. With this launch, Fireblocks aims to streamline cross-border payments and settlement processes by leveraging stablecoins.
How the Fireblocks Network for Payments Works
The new system facilitates real-time, on-chain payments using a variety of stablecoins. It enables institutions to send and receive stablecoin transfers across different blockchains, which can be a game-changer for businesses needing fast, low-cost, and transparent payments.
The Fireblocks stablecoin payments network will help reduce friction in international payments, improve liquidity management, and enable more efficient treasury operations for its partners.
By building on the Fireblocks Network—which has already moved over $4 trillion in digital assets—the new payments system offers both trust and scalability.
Who’s Onboard and Why It Matters
Some of the prominent early adopters include:
- Circle: Issuer of USDC, one of the most widely used stablecoins globally.
- Zerohash: A crypto infrastructure firm enabling digital asset trading and custody.
- Yellow Card: Africa-focused crypto exchange simplifying stablecoin access.
- Bridge: A stablecoin-based payment startup acquired by Stripe earlier this year.
This mix of financial institutions and crypto-native startups signals growing confidence in the utility and future of stablecoin payments.
Fireblocks’ move could influence broader adoption of stablecoins in real-world finance, helping to bridge traditional finance (TradFi) with decentralized finance (DeFi).
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