Stablecoin infrastructure fuels adoption
Fireblocks and Circle have announced a collaboration that aims to create an easier path for financial institutions to build digital asset offerings.
By combining Circle’s stablecoin network and Fireblocks’ custody and payments infrastructure tool, the firms are providing a cross-border treasury and tokenised asset settlement.
“Together, Circle and Fireblocks are working to build the trusted rails that enable stablecoin-based finance at a global scale,” said Michael Shaulov, co-founder and CEO of Fireblocks.
“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.”
According to Circle, the collaboration is a significant moment for the rapidly growing stablecoin ecosystem, bringing together two leading infrastructure providers and their networks to advance on chain payments.
Fireblocks customers are now able to access Circle’s stablecoins and products, including Circle Gateway, a cross-chain primitive that unifies USDC balances across supported chains, underpinned by Arc, a new open Layer-1.
“The future of money is programmable, and this collaboration with Fireblocks can make that future real for institutions worldwide,” said Jeremy Allaire, co-founder, chairman and CEO of Circle.