{"id":45791,"date":"2025-09-04T17:19:07","date_gmt":"2025-09-04T17:19:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45791"},"modified":"2025-09-04T17:19:07","modified_gmt":"2025-09-04T17:19:07","slug":"fireblocks-dives-further-into-stablecoins-with-intro-of-in-house-payments-network","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45791","title":{"rendered":"Fireblocks Dives Further Into Stablecoins With Intro of In-House Payments Network"},"content":{"rendered":"<div>\n<p>Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around.<\/p>\n<p>The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems.<\/p>\n<p>The network&#8217;s participants already number more than 40 and include Circle (CRCL), developer of USDC, and stablecoin platform Bridge. <\/p>\n<p>Fireblocks described the new network as a stablecoin equivalent to SWIFT, which enabled banks around the world to more easily send money across borders, <a href=\"https:\/\/www.coindesk.com\/business\/2024\/10\/21\/stripe-in-11b-acquisition-deal-for-stablecoin-platform-bridge-report\">in an announcement on Thursday<\/a>. <\/p>\n<p>The network combines for over $200 billion in stablecoin payments each month, Fireblocks said. The monthly total for all stablecoin payments reached $800 billion in June, <a href=\"https:\/\/research.grayscale.com\/reports\/stablecoins-and-the-future-of-payments\">according to research cited by Grayscale<\/a>. <\/p>\n<p>Stablecoins, crypto tokens which are pegged to the value of a traditional financial asset such as a fiat currency, have undergone a boom in 2025, <a href=\"https:\/\/defillama.com\/stablecoins\">climbing to a market cap of over $280 billion<\/a> in August from around $200 billion at the start of the year. <\/p>\n<p>The proliferation of the sector has seen its largest players develop their own payments platforms to supplement this growth further. Stripe<a href=\"https:\/\/www.coindesk.com\/business\/2024\/10\/21\/stripe-in-11b-acquisition-deal-for-stablecoin-platform-bridge-report\"> acquired Bridge last year<\/a> to serve as its stablecoin platform, while Circle <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/21\/stablecoin-giant-circle-is-launching-a-new-payments-and-remittance-network\">unveiled its own payments network<\/a> in April. <\/p>\n<p>Both firms are also <a href=\"https:\/\/www.coindesk.com\/news-analysis\/2025\/08\/17\/why-circle-and-stripe-and-many-others-are-launching-their-own-blockchains\">developing their own proprietary blockchains<\/a> for stablecoins and tokenized assets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto custody heavyweight Fireblocks has unveiled its own payments network to help participants move stablecoins around. The Fireblocks Network for Payments is designed to combine on- and off-ramps, liquidity providers, banks and stablecoin issuers with higher efficiency and lower risk than currently exists when providers use more fragmented and disperse systems. The network&#8217;s participants already [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45791","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45791"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45791\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}