Fireblocks Unveils Universal Bridge for Stablecoin Era

Fireblocks, a blockchain infrastructure provider valued at $8 billion as of its 2022 funding round, has launched the Fireblocks Network for Payments, a new platform aimed at streamlining the movement of stablecoins between financial institutions and crypto firms. The network is designed to unify traditional payment rails, blockchain technology, and stablecoin systems into a single, interoperable infrastructure. With over 2,400 connected entities, including exchanges, fintechs, banks, and payment service providers, the network has already processed over $10 trillion in transaction volume. The initiative is intended to reduce the complexity and cost of building proprietary stablecoin systems, as noted by Fireblocks’ CEO Michael Shaulov, who highlighted that such endeavors can be error-prone and costly [2].

The Fireblocks Network for Payments supports over 60 fiat currencies, major stablecoins like USDC, USDT, and PYUSD, and a range of cryptocurrencies including BTC, ETH, and XRP. Participants gain the ability to manage global payment flows with full control over transaction partners, liquidity deployment, and scaling capabilities. The platform allows for immediate on/off-ramping across 100 countries and is designed to be agnostic to existing custodians, exchanges, or banks. It integrates with established systems like Circle’s Payment Network (CPN), WalletConnect, and PayFi, ensuring compatibility with existing financial infrastructure [1]. The platform is available to a broad set of Fireblocks customers, including payment service providers, fintechs, exchanges, banks, and institutional trading firms [1].

Stablecoins have gained significant traction in recent years, particularly after regulatory clarity was provided by new legislation in the U.S. in July. These tokens, which are typically pegged to the U.S. dollar, offer faster and more cost-effective alternatives to traditional wire transfers. Fireblocks, which has extensive experience in processing stablecoins—handling $212 billion in volume in July alone—has previously operated a network designed for crypto trading rather than stablecoin transfers. The new network is a response to the increasing demand for seamless and secure cross-border payments and stablecoin conversions [2].

The Fireblocks Network for Payments also emphasizes compliance and security, leveraging Fireblocks’ SOC 2 Type II-certified infrastructure. Features include multi-party computation (MPC) key management, wallet verification, Travel Rule support, and integration with KYC/AML providers. These measures ensure that transactions are secure and meet regulatory requirements, which is particularly important given the growing scrutiny of stablecoins in financial markets [1].

Fireblocks’ expansion into stablecoin payments aligns with broader trends in fintech and blockchain. As institutions and developers seek more efficient ways to handle cross-border transactions and digital asset management, platforms like Fireblocks are positioned to play a critical role in bridging the gap between traditional finance and decentralized systems. With over 40 participants already on board, including Circle, Zerohash, and Yellow Card, the network is expected to attract further adoption as stablecoins continue to evolve as a core component of the global financial infrastructure [2].

Source:

[1] The Fireblocks Network | Payment Providers Directory (https://www.fireblocks.com/platforms/fireblocks-network/directory/)

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

[3] Crypto firm Fireblocks launches a stablecoin payments network (https://finance.yahoo.com/news/exclusive-crypto-firm-fireblocks-launches-123000782.html)