Fireblocks Unveils Global Stablecoin Payment Network for Institutional Finance
Fireblocks, a leading provider of digital asset infrastructure, has launched the Fireblocks Network for Payments. A stablecoin protocol designed for global institutional use.
The system allows blue-chip financial firms to transfer stablecoins across borders, build stablecoin-based products, and access banking and regulatory support that might otherwise be unavailable. CEO Michael Shaulov told Fortune the platform was built to solve cost and efficiency challenges. Reducing errors associated with manual processes.
Fireblocks, which already provides blockchain infrastructure for firms like BNY Mellon and Revolut, says the new network differs from its earlier protocols by focusing solely on stablecoins and supporting multiple dollar-pegged assets rather than just USDC. The launch follows the passage of the GENIUS Act in Congress. Which established clearer regulatory guidelines for stablecoins in the U.S., further opening the door for institutional adoption.
Clever Robot News Desk 7th September 2025
