Fireblocks Launches In-House Payments Network to Streamline Stablecoin Transactions

Fireblocks, a leading name in crypto custody, has introduced its proprietary payments network aimed at optimizing the movement of stablecoins. The Fireblocks Network for Payments integrates on- and off-ramps, liquidity providers, banks, and stablecoin issuers into a unified system, promising greater efficiency and reduced risk compared to fragmented alternatives.

Already boasting over 40 participants, including Circle (USDC) and Bridge, the network processes more than $200 billion in stablecoin payments monthly. Fireblocks likens its innovation to SWIFT's transformative role in cross-border banking, positioning it as a critical infrastructure for the burgeoning stablecoin market.

Stablecoins, crypto tokens pegged to traditional assets like fiat currencies, have seen explosive growth in 2025, with their market capitalization surging from $200 billion at the start of the year to over $280 billion by August. Major players like Circle and Stripe have responded with their own payment solutions, underscoring the sector's rapid maturation.