Summary
- Fireblocks said it will launch a stablecoin payments network.
- It is reported that Circle and about 40 other companies are participating in the network.
- Fireblocks said it processed $212 billion worth of stablecoins in July.
U.S. cryptocurrency company Fireblocks is expanding its stablecoin business.
Michael Shaulov (Michael Shaulov), Fireblocks chief executive officer (CEO), said in an interview with U.S. Fortune on the 4th (local time) that it will launch the stablecoin payments network 'Fireblocks Network'. The Fireblocks Network is reported to include about 40 companies, including dollar stablecoin issuer Circle, ZeroHash, Yellow Card, and Bridge.
Fireblocks appears likely to expand its stablecoin business in earnest with the launch of this payment network. Fortune reported, "Fireblocks already handles billions of dollars worth of stablecoins every day," and "In July, on a monthly basis, it handled a record high of $212 billion in stablecoins."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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