Fireblocks Launches Stablecoin Payment Network for Enhanced Cross-Border Transactions

Fireblocks has unveiled a new stablecoin payment network dubbed ‘Fireblocks Network for Payments,’ aiming to simplify the exchange and transfer of various stablecoins for financial institutions and cryptocurrency businesses. The network currently partners with over 40 leading entities like Bridge, Zerohash, Yellow Card, and Circle. In July alone, Fireblocks processed transactions worth $212 billion in stablecoins. This initiative seeks to streamline cross-border stablecoin transfers, improving efficiency while reducing the likelihood of errors and facilitating faster, more reliable payments.