Stablecoin Adoption Explodes: Fireblocks Unveils Payment Network
0Stablecoin
$8B Fireblocks launches multi-stablecoin payment network with 40+ institutions including Bridge, Circle, and Zerohash as market cap hits $285 billion with 56% growth.
Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
About Author
Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
Author Profile
Share
Copied
Last updated:
September 4, 2025
Fireblocks, the $8 billion crypto infrastructure provider, has launched a stablecoin payment network with over 40 institutional participants.
According to a Fortune report, the Fireblocks Network for Payments includes members such as Bridge (recently acquired by Stripe), stablecoin companies Zerohash and Yellow Card, and issuer Circle.
This network plans to streamline how financial institutions and crypto firms move stablecoins between each other while building new stablecoin products, addressing what CEO Michael Shaulov describes as costly infrastructure challenges.
Unlike Circle’s existing payments network, which focuses exclusively on USDC, Fireblocks’ platform supports multiple stablecoins, giving participants greater operational flexibility.
The network provides users access to banking relationships and regulatory licenses from a broader range of companies than customers would typically reach independently.
Multi-Stablecoin Infrastructure Addresses Enterprise Pain Points.
Fireblocks already processes billions of dollars in stablecoin volume daily, achieving a record $212 billion in July alone across its existing infrastructure.
However, Shaulov noted that the company’s original network was built primarily for crypto trading rather than specialized stablecoin operations.
The new network fills this operational gap by allowing seamless conversion between different stablecoins and facilitating cross-border transfers.
This launch builds on Fireblocks’ recent expansion into stablecoin-focused infrastructure, including its June integration with Codex, a purpose-built blockchain for stablecoin finance.
Codex offers instant settlement capabilities and allows institutions to create wallets with zero additional integration work.
The company has also partnered with Japan’s SMBC (through parent Sumitomo Mitsui Financial Group) and Ava Labs to pilot stablecoin launches, with trials expected to begin in the second half of 2025.
If successful, SMBC could launch its stablecoin as early as next year, potentially reducing cross-border payment costs by bypassing traditional SWIFT intermediaries.
Institutional Adoption Accelerates Across Stablecoin Ecosystem.
The Fireblocks launch coincides with rapidly accelerating institutional adoption, as revealed in the company’s May survey of 295 executives across banks, fintech firms, and payment processors.
Research has shown that 90% of financial institutions are either actively using or exploring stablecoin integration into their operations.
Meanwhile, corporate giants are moving beyond exploration toward active development, with Amazon and Walmart reportedly considering their own USD-backed stablecoins to reduce transaction fees.
Payment processor Stripe is also developing a dollar-backed stablecoin for markets outside the U.S., UK, and Europe, building on its October 2024 launch of stablecoin payment options.
According to DefiLlama data, the total...
https://cryptonews.com/news/8b-fireblocks-launches-stablecoin-payment-network-for-40-institutions/
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple