Fireblocks Rolls Out Network With Circle Amid Trillion-Dollar Stablecoin Boom

• Fireblocks unveiled a stablecoin payments network for crypto and financial firms.
• The platform facilitates USD-pegged transfers and product development across diverse systems.

On September 4, 2025, The Block reported that Fireblocks, a digital asset infrastructure provider, launched a cutting-edge stablecoin payment network to streamline USD-pegged token transactions for financial institutions and crypto firms. The platform supports the creation of stablecoin-specific products, fostering efficiency across broader ecosystems.

The infrastructure is already utilized by over 40 participants, including Circle, the USDC issuer, alongside Bridge, Zerohash, and Yellow Card. Fireblocks’ co-founder and CEO, Michael Shaulov, described the network’s unified APIs and workflows as pivotal tools for securely transferring funds across blockchain networks, financial systems, and fiat currency ecosystems.

The stablecoin industry continues its rapid trajectory, with projections suggesting multi-trillion-dollar valuations in the coming years. This growth amplifies the demand for reliable payment solutions. Chris Maurice, Yellow Card’s co-founder and CEO, noted the critical role of Fireblocks in scaling payout operations across over 20 African nations.

Renowned for its impactful blockchain infrastructure, Fireblocks secured a $550 million funding round in 2022, establishing an $8 billion valuation with support from investors like Sequoia Capital, BNY Mellon, and Paradigm.

As of September 4, 2025, 15:08 UTC, USDC was trading at $1, reflecting a 0.013% increase in 24-hour volume, according to the Market Survey.