Fireblocks has revealed it will be servicing a payments network to boost stablecoin transfers between worldwide.
Servicing 2,400 clients across financial and professional services, Fireblocks settles over a trillion in trading volume. Now it is offering to open up the infrastructure layer of the onchain economy.
Their network will make 60+ fiat currencies available to users via 40+ stablecoin providers and many more participants including exchanges, PSPs, and wallets.
Co-founder and CEO Michael Shaulov expressed the difficulty for other networks today:
Either it’s super expensive from an engineering standpoint and takes them a lot of time, or if they’re starting to do it manually, then, of course, it’s basically prone to errors, so they can lose money.
The digital asset security platform was founded in 2019 is the leading custodian for crypto assets to large institutions and enterprise clients.
The team is now using their position in the industry to help stablecoins help businesses settle funds in stablecoins without worrying about which workflows are secure and deliver.
