Fireblocks introduced an infrastructure solution that simplifies stablecoin transfers between crypto and financial institutions, as well as the development of products based on them.
Crypto infrastructure company Fireblocks announced the launch of Fireblocks Network for Payments, its own stablecoin payment network, which already has more than 40 participants, including Zerohash, Yellow Card, and Stripe.
The Fireblocks network enables companies to leverage existing banking resources and partner licenses, reducing the costs of building infrastructure from scratch. Michael Shaulov, Co-Founder and CEO of Fireblocks, noted that without such a solution, integrating stablecoins is either too expensive from an engineering standpoint or highly prone to errors when managed manually.
Already working with organizations like BNY Mellon and Revolut, Fireblocks expects the new network to drive global adoption of stablecoins in payment systems. The solution allows companies to make cross-border transfers faster and cheaper, expanding the use of digital currencies in the real economy.
The press release highlights that the new Fireblocks network is designed to support multiple stablecoins, not just USDC like its competitor Circle. In April 2025, Circle launched the Circle Payments Network, a global stablecoin payment network. Earlier, in November 2024, Paxos initiated the Global Dollar Network project, aimed at accelerating stablecoin adoption on a global scale.
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