Fireblocks launches stablecoin payment network

Cryptocurrency custody firm Fireblocks has launched the Fireblocks Network for Payments, a new platform designed for stablecoin settlements, according to Fortune. The network enables crypto and financial firms to transfer stablecoins quickly and efficiently. More than 40 institutions are currently participating, including major companies such as Bridge, which was acquired by global online payments firm Stripe, and USDC issuer Circle.