Fireblocks Says Stablecoins Make Up 75% of Its $7.5 Trillion Annual Volume

The stablecoin share has climbed from 15%–20% four years ago to three-quarters of Fireblocks’ $7.5 trillion in yearly transaction volume.

Fireblocks provides digital asset infrastructure that institutions use to custody, move and settle tokens. Cross-border payments and institutional settlements are among the uses driving stablecoin activity on the platform.

In the 12 months covered by the earlier report on Fireblocks’ payment network, trading desks and OTC firms sent almost $50 billion in stablecoins to banks, fintechs and payment companies on the Fireblocks network.