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Fireblocks, Circle Announce Institutional Stablecoin Tie-Up Centered on Arc

Deployments remain in development with key approvals unresolved.

Overview

  • Fireblocks said it will integrate Circle’s stablecoin network with its custody, tokenization and payments stack to support cross-border treasury, merchant and tokenized-asset settlement.
  • Fireblocks customers will gain access to Circle Gateway, which provides a unified USDC balance for instant cross-chain liquidity across supported blockchains.
  • All integrations are described as being underpinned by Arc, Circle’s new open Layer-1 built for stablecoin finance, with Fireblocks pledging early support.
  • The companies plan to link Fireblocks Network for Payments with Circle Payments Network to create a unified experience for financial institutions.
  • Circle states Arc has not been reviewed by New York’s Department of Financial Services and that Circle Technology Services is a software provider, signaling ongoing compliance and validation work.