Fireblocks Launches Stablecoin Payment Network

BlockBeats News, September 4th, according to Fortune's report, Fireblocks has announced the launch of a stablecoin payment network called the "Fireblocks Network for Payments," supporting the seamless transfer of various stablecoins for both crypto and financial institutions. The network already has over 40 participants, including Bridge (acquired by Stripe), Zerohash, Yellow Card, and Circle (went public in June). Fireblocks processed $212 billion in stablecoin transactions in July. The new network aims to streamline cross-border stablecoin exchange and transfer processes, improve efficiency, and reduce error risks.