What is Fireblocks Network for Payments?

It's a routing and settlement layer built on top of Fireblocks' MPC custody, designed for payment processors and remittance firms to move regulated stablecoins between counterparties without setting up bilateral wallets for each pair.

Does $100B monthly mean stablecoins have overtaken card networks?

No. Visa alone processes roughly $1.5 trillion per month in payments volume. The Fireblocks figure is a slice of stablecoin-based settlement, not a card-network replacement, though it's a meaningful data point for institutional adoption.

Which stablecoins are involved?

Fireblocks supports USDC, USDT, PYUSD, and other regulated stablecoins across chains including Ethereum, Solana, Polygon, Stellar, and Tron. The company did not break out the $100B figure by stablecoin or by chain.

No. The number is a company disclosure, not an audited figure. Independent confirmation would need to come from counterparties or from on-chain analysis of Fireblocks-attributed wallets.

Fireblocks Network for Payments Clears $100B in Monthly Stablecoin Volume

Market impact

There was no immediate token reaction, because Fireblocks is a private company and the disclosure did not touch a specific chain's economics. USDC and USDT are stable by design, so volume announcements don't move their pegs. The read-through, if any, is toward the L1s and L2s that carry the flow.

Fireblocks has publicly supported settlement on Ethereum, Polygon, Solana, Stellar, and Tron for stablecoin transfers, and Tron in particular has captured the bulk of USDT payments volume this cycle. If a meaningful chunk of the $100B monthly figure is riding Tron and Solana, that's a data point for the argument that stablecoin fees are quietly becoming a real revenue line for those networks.

The bigger market signal is regulatory. A US infrastructure provider putting a nine-figure daily number in a press cycle is the kind of disclosure that shows up in Treasury and SEC comment letters. The GENIUS Act stablecoin framework, which passed last year, is still being implemented at the agency level, and numbers like this become exhibits.

Fireblocks said Wednesday that its Network for Payments now processes more than $100 billion in stablecoin transactions each month, according to a report from CryptoBriefing. The New York-based custody and infrastructure provider framed the milestone as evidence that regulated payment firms have moved past pilots and into production rails. The claim covers activity routed through Fireblocks' payments-specific network, not total platform volume.

By Rahul Mehta· AI-assisted· Altcoins & DeFi

What happened

Fireblocks disclosed Wednesday that its Network for Payments product is now clearing north of $100 billion in stablecoin transactions per month, per CryptoBriefing's report. The company, which sits behind wallet infrastructure for banks, exchanges, and payment service providers, positioned the number as a run-rate, not a one-off spike. Network for Payments is a routing and settlement layer that sits on top of Fireblocks' MPC custody stack.

It lets PSPs and remittance operators move USDC, USDT, and a handful of regulated stablecoins between counterparties without each pair maintaining its own bilateral wallets. Fireblocks did not break out volumes by stablecoin, by corridor, or by counterparty. It also did not name specific processor customers in the disclosure summarized by CryptoBriefing, though the company has publicly worked with names including BNY, ANZ, and Nuvei in the past.

Why it matters

The headline number matters because it reframes what stablecoins are actually being used for. A year ago, most on-chain stablecoin volume was trading collateral moving between exchanges and market makers. A $100B monthly figure routed through a payments-labeled network implies something closer to real settlement flow: merchant payouts, cross-border B2B, treasury sweeps, and remittances.

Context helps. Circle's USDC has roughly $60B in circulating supply and Tether's USDT is above $170B, per issuer disclosures earlier this year. Total stablecoin transfer volume across public chains regularly clears the trillions monthly when raw on-chain data is used, but the vast majority is exchange and DeFi churn.

A payments-only slice at nine figures per day is a different animal, and it's the slice regulators from Washington to Brussels have been watching. It also lands into a competitive setup. Visa's on-chain settlement pilot and Mastercard's Multi-Token Network are chasing the same corridor, and Stripe's re-entry into crypto payments last year set the pace on the merchant side.

Market impact

Fireblocks Network for Payments Clears $100B in Monthly Stablecoin Volume

What happened

Why it matters

Market impact

What to watch

Disclaimer

Key takeaways

Frequently asked

Sources