Fireblocks Launches Stablecoin Payment Network to Enhance Cross-Border Transactions

According to BlockBeats, Fireblocks has introduced a new stablecoin payment network named 'Fireblocks Network for Payments,' aimed at facilitating the seamless transfer of various stablecoins for crypto and financial institutions. The network already boasts over 40 participants, including Bridge, Zerohash, Yellow Card, and Circle. In July, Fireblocks processed stablecoin transactions amounting to $212 billion. The initiative seeks to streamline the exchange and transfer processes of stablecoins across borders, enhancing efficiency and minimizing the risk of errors.