Fireblocks and an affiliate of Circle Internet Group have formed a strategic partnership to expand stablecoin use among financial institutions.
The deal combines Circle’s stablecoin network with Fireblocks’ custody and payments infrastructure to simplify cross-border treasury, tokenisation and asset settlement.
The collaboration builds on recent launches by both firms, including Fireblocks Network for Payments and Circle Payments Network.
The two networks are designed to connect banks, payment providers and fintechs with stablecoin-based payments and liquidity solutions, and their interoperability will offer institutions a unified experience for treasury and settlement across borders, merchants and retail customers.
Fireblocks customers will gain access to Circle’s stablecoins and products, including Circle Gateway, a new crosschain primitive for instant liquidity, and Arc, an enterprise-grade blockchain purpose-built for stablecoin finance.
Fireblocks says its early support for Arc will help institutions securely build and transact on programmable money rails.
Circle issues widely used stablecoins such as USDC, while Fireblocks says it has secured more than US$10 trillion in digital asset transactions.
The collaboration is designed to help financial institutions launch stablecoin-based products quickly while meeting security, compliance and operational requirements.
“Together, Circle and Fireblocks are working to build the trusted rails that enable stablecoin-based finance at a global scale.
By combining Circle’s stablecoin expertise with our institutional infrastructure, we’re empowering financial institutions to innovate with confidence. Those who move now won’t just keep pace, they’ll set the standard for tomorrow’s digital financial system.”
said Michael Shaulov, Co-founder and CEO of Fireblocks.
“The future of money is programmable, and this collaboration with Fireblocks can make that future real for institutions worldwide.
Together, we’re creating a seamless infrastructure that makes it simple to harness the power of stablecoins for payments, treasury operations, and settlement.”
said Jeremy Allaire, Co-founder, Chairman and CEO of Circle.
Featured image: Edited by Fintech News Singapore, based on image by starmultikharisma via Freepik
