Fireblocks Opens Stablecoin Marketplace for Payments Firms, Takes No Spread
- —B2C2 and Zodia Markets quote from day one; Cumberland, FalconX, Wintermute and GSR to follow
- —Fireblocks takes no spread and does not custody assets at conversion; clients settle directly with desks
- —Launch covers major stablecoins against USD, EUR, GBP and other G10 currencies
- —Desks sent payments firms, fintechs and banks nearly $50 billion in stablecoins over Fireblocks' network in the past year
Why it matters: A single quote venue cuts costs and settlement risk in stablecoin payments, speeding institutional adoption.
Source: Unchained