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Fireblocks has unveiled an infrastructure solution that streamlines stablecoin transfers between cryptocurrency and financial institutions, along with the creation of products based on these assets.
The crypto infrastructure firm Fireblocks has announced the debut of Fireblocks Network for Payments, its proprietary stablecoin payment network, which currently includes over 40 participants, such as Zerohash, Yellow Card, and Stripe.
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This Fireblocks network allows businesses to utilize existing banking resources and partner licenses, thereby minimizing the expenses associated with constructing infrastructure from the ground up. Michael Shaulov, Co-Founder and CEO of Fireblocks, emphasized that without such a solution, the integration of stablecoins can either be prohibitively expensive from an engineering perspective or highly susceptible to errors when handled manually.
Already collaborating with entities like BNY Mellon and Revolut, Fireblocks anticipates that the new network will facilitate the global adoption of stablecoins within payment systems. This solution enables companies to execute cross-border transfers more swiftly and economically, thereby broadening the application of digital currencies in the real economy.
The press release underscores that the new Fireblocks network is intended to accommodate various stablecoins, not solely USDC, unlike its competitor Circle. In April 2025, Circle introduced the Circle Payments Network, a worldwide stablecoin payment network. Previously, in November 2024, Paxos launched the Global Dollar Network initiative, aimed at promoting stablecoin adoption on a global scale.
Сообщение Fireblocks Launches Stablecoin Payment Network появились сначала на CoinsPaid Media.
