"Fireblocks Builds Stablecoin 'SWIFT' for a $800B Global Payments Revolution"

Fireblocks, a leading blockchain infrastructure provider, has launched a dedicated stablecoin payments network to streamline the processing of USD-pegged tokens. The new platform, dubbed the Fireblocks Network for Payments, aims to consolidate the fragmented stablecoin ecosystem by offering a unified infrastructure for institutions to securely transfer value across providers, blockchains, and fiat rails. With over 40 participants already on board—including major players like Circle, Bridge, Zerohash, and Yellow Card—the network processes more than $200 billion in stablecoin transactions monthly, according to Fireblocks [1].

The Fireblocks Network for Payments is positioned as a SWIFT-like infrastructure for stablecoins, enabling financial institutions to move stablecoins with greater efficiency and lower risk compared to existing systems [1]. Michael Shaulov, co-founder and CEO of Fireblocks, emphasized the need for streamlined infrastructure in a rapidly expanding market. “By introducing unified APIs and workflows, the Fireblocks Network for Payments gives institutions the ability to move value securely across every provider, blockchain, or fiat rail,” he stated in a company announcement [2].

Stablecoin usage has surged in 2025, with global stablecoin payments reaching $800 billion in June, according to Grayscale. The market cap of stablecoins alone has grown to over $280 billion in August from around $200 billion at the start of the year [1]. Fireblocks’ expansion into this space aligns with the broader trend of traditional and crypto-native firms developing their own payment infrastructures to support the growing demand for fast, low-cost, and cross-border transactions.

The company is already processing billions of dollars in daily stablecoin volume, with a record $212 billion in July alone, as reported to Fortune. Fireblocks’ infrastructure now enables firms to not only transfer stablecoins but also convert between different stablecoin types, facilitating cross-border payments and expanding access to global financial systems [3]. For example, Yellow Card, a financial services provider for emerging markets, highlighted Fireblocks’ role in scaling its payout services across more than 20 African countries [2].

As the stablecoin market is projected to grow into the trillions, Fireblocks is well-positioned to capture a significant share of the infrastructure revenue. The company’s valuation reached $8 billion in 2022 after raising $550 million in funding, with investors including Sequoia Capital, Coatue, and the Bank of New York Mellon [2]. The growing interest in stablecoins from traditional institutions, such as Bank of America, further underscores the strategic value of Fireblocks’ new network.

Stablecoins have moved beyond their role as a trading tool and are now being explored as a foundational asset in broader fintech and financial infrastructure. With regulatory clarity increasing—such as the recent U.S. legislation providing a framework for stablecoin adoption—the industry is entering a phase of rapid innovation and integration. Fireblocks’ new payments network reflects this shift, offering institutions a secure, scalable, and compliant solution to navigate the expanding stablecoin ecosystem.

Source:

[1] Stablecoin News: Fireblocks Unveils Payments Network as (https://www.coindesk.com/business/2025/09/04/fireblocks-dives-further-into-stablecoins-with-intro-of-in-house-payments-network)

[2] Fireblocks launches stablecoin payments network amid (https://www.theblock.co/post/369489/fireblocks-launches-stablecoin-payments-network-amid-expected-growth-boom)

[3] Crypto firm Fireblocks launches a stablecoin payments (https://fortune.com/crypto/2025/09/04/fireblocks-network-for-payments-stablecoins-michael-shaulov/)