Overview
- The Fireblocks Network for Payments connects issuers, liquidity providers, banks, and on- and off-ramps to streamline cross-border settlement.
- Participants include Circle, Stripe’s Bridge, Yellow Card, and Zerohash, with Fireblocks claiming reach across more than 100 countries and support for 60 currencies.
- Fireblocks says the platform reduces engineering effort by offering unified APIs plus access to partners’ banking relationships and regulatory licenses.
- CEO Michael Shaulov frames the network as an interoperability layer similar to Circle’s system but not limited to USDC.
- Fireblocks reported $212 billion in stablecoin volume in July, according to company data, as institutions increase stablecoin use following new U.S. rules.