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Stablecoin News: Fireblocks Unveils Payments Network as SWIFT for Stablecoins
Fireblocks' network connects over 40 major firms, enabling rapid stablecoin settlements worth $200 billion monthly, addressing demand for faster, secure cross-border payments.
- Fireblocks unveiled the Fireblocks Network for Payments on Thursday, September 4, 2025, spanning more than 100 countries and 60 currencies, connecting over 40 firms including Circle and Stripe's Bridge.
- Rising institutional demand prompted the launch, as Fireblocks created the network to address faster, lower-cost, and more secure cross-border stablecoin settlements.
- Security and proven scale back the network, shown by Fireblocks' security infrastructure securing over $10 trillion in settled digital asset transfers and $212 billion stablecoin volume in July.
- With partners onboard, Fireblocks offers a unified path to stablecoin payments as Transak joins as a launch partner, providing integration and coverage across 64+ countries, while CEO Michael Shaulov said, `Fireblocks is the backbone of stablecoin payments`.
- Amid rivals building proprietary platforms, Fireblocks aims to be the 'stablecoin equivalent to SWIFT' as stablecoin market projections foresee a $1.2 trillion size by 2028, Coinbase Institutional forecasts.
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