Fireblocks Debuts USD Stablecoin Network With 40+ Participants

- Network includes 40+ partners like Circle, Yellow Card. - Designed to streamline USD-pegged tokens for finance firms. On September 4, 2025, The Block reported that Fireblocks launched its enterprise-grade stablecoin payments network, which aims to redefine USD-pegged token transfers for over 40 institutions. The "Fireblocks Network for Payments" seeks to standardize and scale stablecoin usage by introducing unified APIs and workflows. The platform already boasts over 40 participants, including Circle, the issuer of the second-largest stablecoin, USDC. The new network, which also includes key adopters like Bridge, Zerohash, and Yellow Card, addresses the fragmented landscape of existing stablecoin providers, compliance workflows, and settlement mechanisms by supporting institutions as they integrate stablecoins into payment rails. In a statement on September 4, Michael Shaulov, co-founder and CEO of Fireblocks, said the platform gives institutions "the ability to move value securely across every provider, blockchain, or fiat rail" by unifying APIs and introducing workflows purpose-built for stablecoin use cases. For financial institutions, this streamlining brings together public blockchain flexibility with compliance tools, such as sanctions screening, Travel Rule adherence, and wallet verification, into one interoperable layer. On September 4, Chris Maurice, co-founder and CEO of Yellow Card, highlighted the platform's impact on scaling operations, remarking that the network transformed a previously "slow and manual" process into a faster, secure, and compliant system. Yellow Card currently leverages the Fireblocks Network for Payments to scale its payout services across more than 20 African countries. The network launch occurs as stablecoins grow increasingly relevant to the global financial system, with mainstream institutions like Bank of America now exploring their issuance. Analysts forecast that the stablecoin market could expand into a multi-trillion-dollar industry, which underscores the need for robust infrastructure solutions like Fireblocks' offering. As of September 4, 17:08 UTC, USD Coin (USDC) is trading at $1, with a 0.029% change in the past 24 hours, according to CoinMarketCap.