Fireblocks says stablecoins now make up 75% of its $7.5 trillion annual volume
Stablecoins now account for 75% of the $7.5 trillion in annual transaction volume flowing through Fireblocks, up from just 15-20% four years ago.
Fireblocks, a digital asset infrastructure provider, reports that stablecoins now constitute 75% of its $7.5 trillion annual transaction volume. This significant shift from 15-20% just four years ago indicates institutions are increasingly using stablecoins for payment infrastructure rather than speculative purposes.
Research on Fireblocks' network reveals USDC as the most used stablecoin, capturing 53% of stablecoin volume. Monthly stablecoin transactions on the platform reportedly exceed $300 billion, supporting over 300 payment service providers, fintechs, and banks.
Payment Growth Drivers
Cross-border payments and institutional settlements are identified as key drivers behind this growth. Partnerships with major fintech firms and remittance companies like MoneyGram and Western Union have contributed significantly, with the payment segment growing 110% year-over-year.
The research frames this as stablecoins becoming payment and cross-border tools rather than speculative instruments.
Regulatory Impact
The research attributes part of this shift to increased regulatory clarity, which has made larger institutions more comfortable using stablecoins. USDC's dominant position suggests that within institutional payment flows, stablecoins with strong regulatory posture are winning.
In response, Fireblocks has launched a Liquidity Market designed to improve executable pricing for stablecoin payments, signaling that infrastructure providers see pricing and conversion as the next challenges to solve in the growing payments segment.
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