- Fireblocks launches a global stablecoin network for institutional use.
- Over 100 countries involved with 60 supported currencies.
- Integration includes Circle, Bridge, and more key partners.
Fireblocks, led by CEO Michael Shaulov, launches a global stablecoin payment system targeting institutional crypto across 100+ countries, integrating stablecoin issuers and liquidity providers for cross-border settlements.
The system’s unified infrastructure enhances institutional stablecoin adoption, impacting global financial flows and increasing liquidity, as Fireblocks handles $200B+ stablecoin volume monthly, per official reports.
Fireblocks has launched a global stablecoin payment system aimed at boosting institutional crypto adoption. The network supports over 60 currencies and covers more than 100 countries, integrating stablecoin issuers and other financial entities.
Led by CEO Michael Shaulov, Fireblocks collaborates with entities like Circle and Bridge. This system facilitates cross-border settlements and remittance, aiming to streamline institutional transactions globally.
“Fireblocks is the backbone of stablecoin payments. By introducing unified APIs and workflows, and APIs purpose-built for stablecoin use cases, the Fireblocks Network for Payments gives institutions the ability to move value securely across every provider, blockchain, or fiat rail.” — Michael Shaulov, CEO and Co-founder, Fireblocks
The innovation directly impacts the cryptocurrency market, enhancing liquidity and operational efficiency. This move could potentially reshape how institutional payments occur across the crypto landscape, further legitimizing digital asset transactions.
Financially, Fireblocks handles a substantial volume, reportedly managing over $200 billion in monthly worldwide stablecoin transactions. The initiative aligns with ongoing trends toward digital stablecoin adoption, particularly among finance-driven entities.
Industry experts see the initiative as an evolution toward more secure, compliant processes for institutional payments. This global network mirrors existing financial systems with cryptocurrency integration.
Analysts predict a broadening scope for liquidity and regulatory compliance within institutional frameworks. Seen by some as a parallel to developing “SWIFT-like” systems for stablecoins, this reflects increased corporate interest in secure digital payment networks.
