Transak has partnered with Fireblocks to launch a stablecoin network, providing a solution for financial institutions and fintech companies.
Launch of the Fireblocks Network for Payments
On September 4, 2025, in Miami, Florida, Transak announced its partnership with Fireblocks in the creation of the Fireblocks Network for Payments. This solution will allow financial institutions to use stablecoins for international payments, greatly simplifying the process without the need to develop infrastructure from scratch.
How Transak and Fireblocks Work Together
The network provides integration with Transak, allowing fast connectivity via the Fireblocks Console or API. The service offers a multi-layer KYC and compliance system, covering over 64 countries and supporting various local payment methods. This enables institutions to easily and quickly conduct transactions using stablecoins.
Prospects and Impact on the Stablecoin Market
According to a recent study by Coinbase, the stablecoin market is expected to reach $1.2 trillion by 2028. Fireblocks notes that 49% of global institutions are already using stablecoins for payments, with another 41% in the pilot stage. This underscores the growing need for integration of stablecoins into the financial ecosystem.
The partnership between Transak and Fireblocks is a significant step towards facilitating international payments using stablecoins and may significantly accelerate their adoption among financial institutions.
