3 hours ago
The stablecoin web is designed to supply higher ratio and little hazard than presently exists erstwhile providers usage much fragmented and disperse systems.
Sep 4, 2025, 4:19 p.m.
Crypto custody heavyweight Fireblocks has unveiled its ain payments web to assistance participants determination stablecoins around.
The Fireblocks Network for Payments is designed to harvester on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher ratio and little hazard than presently exists erstwhile providers usage much fragmented and disperse systems.
The network's participants already fig much than 40 and see Circle (CRCL), developer of USDC, and stablecoin level Bridge.
Fireblocks described the caller web arsenic a stablecoin equivalent to SWIFT, which enabled banks astir the satellite to much easy nonstop wealth crossed borders, in an announcement connected Thursday.
The web combines for implicit $200 cardinal successful stablecoin payments each month, Fireblocks said. The monthly full for each stablecoin payments reached $800 cardinal successful June, according to probe cited by Grayscale.
Stablecoins, crypto tokens which are pegged to the worth of a accepted fiscal plus specified arsenic a fiat currency, person undergone a roar successful 2025, climbing to a marketplace headdress of implicit $280 billion successful August from astir $200 cardinal astatine the commencement of the year.
The proliferation of the assemblage has seen its largest players make their ain payments platforms to supplement this maturation further. Stripe acquired Bridge past year to service arsenic its stablecoin platform, portion Circle unveiled its ain payments network successful April.
Both firms are besides developing their ain proprietary blockchains for stablecoins and tokenized assets.
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