Crypto Custody Heavy Weight Firmocks has presented its own payment network to help participants move the stable.
The Firos bag network for Payments is designed to combine the ramp on the and outside the ramp, liquidity suppliers, banks and stablecoin emitters with greater efficiency and lower risk that currently exists when suppliers use more fragmented and scattered systems.
Network participants already add up to more than 40 and include Circle (CRCL)USDC developer and Stablecoin Platform Bridge.
Fireblocks described the new network as a stable equivalent to Swift, which allowed banks around the world to send money more easily through the borders, in an announcement on Thursday.
The network combines more than $ 200 billion in Stablecoin payments every month, Fireblocks said. The monthly total for all Payments in Stablecoin reached $ 800 billion in June, according to the investigation cited by Grayscale.
The stablecoins, cryptographic tokens that are linked to the value of a traditional financial asset, such as a fiduciary currency, have suffered a boom in 2025, rising to a market limit of more than $ 280 billion in August from around $ 200 billion at the beginning of the year.
The proliferation of the sector has seen its biggest players develop their own payment platforms to further complement this growth. Stripe acquired Bridge last year to serve as his Stablecoin platform, while Circle released his own payments in April.
Both companies are also developing their own patented block chains for stable and tokenized assets.
