Fireblocks, the crypto custody and wallet provider, last valued at $8 billion, has unveiled a new stablecoin payments network. The platform, designed to facilitate seamless and compliant stablecoin transactions, has already onboarded over 40 members, including prominent names like Circle, Zerohash, Yellow Card, and Bridge, the stablecoin infrastructure arm owned by Stripe.
The network aims to address key pain points in the stablecoin ecosystem by streamlining cross-border transfers, reducing settlement times, and enabling financial institutions to develop fully compliant stablecoin-based products. Fireblocks positions the initiative as a “plug-and-play” solution that integrates with existing banking and payment rails, potentially accelerating mainstream adoption of stablecoins for everyday remittances, payroll, and e-commerce.
“Stablecoins are poised to revolutionize global payments, but fragmentation and compliance hurdles have held them back. Our network brings together the industry’s leading players to create a unified, secure, and regulatory-friendly framework that scales with demand.”
Michael Shaulov, CEO of Fireblocks
Key features of the platform include multi-chain support for major stablecoins like USDC and USDT, automated compliance checks using tools like KYC/AML protocols, and interoperability with traditional finance systems. Early adopters such as Circle, the issuer of USDC, and Zerohash, a crypto payment processor, are expected to leverage the network for faster treasury management and merchant payouts. Yellow Card, Africa’s leading crypto exchange, highlighted its potential to enhance remittance services across the continent, while Bridge’s involvement underscores Stripe’s deepening commitment to stablecoin innovation.
The launch comes from growing regulatory clarity around stablecoins, with the U.S. and EU advancing frameworks to integrate them into broader financial systems. Fireblocks, which has raised over $1 billion in funding and serves more than 1,800 institutional clients, sees the network as a cornerstone of its expansion into payments infrastructure. Analysts predict this could capture a slice of the $150 billion stablecoin market, which has seen transaction volumes surge 30% year-over-year.
Just as digital assets continue to intersect with traditional finance, Fireblocks’ network represents a collaborative push toward efficiency and compliance in an increasingly tokenized economy. More details on membership and integration are expected in the coming weeks.
