Fireblocks says its platform handled $7.5 trillion in transaction volume over a year, with stablecoins making up 75% as institutions use them for payments and settlement.
Four years earlier, stablecoins accounted for 15% to 20% of the volume, showing a shift in the mix of transactions on the platform. Fireblocks provides digital-asset infrastructure for institutional clients to secure assets and move them through settlement. The company identifies international payments and settlement between institutions among the uses of stablecoins on its platform.
On Nov. 6, the @USDC account said USD Coin (USDC) accounted for 53% of stablecoin volume on Fireblocks. EconoTimes previously covered the platform-specific USDC estimate.
