Stablecoins now represent 75% of the $7.5 trillion in annual transaction volume processed by the digital asset infrastructure provider Fireblocks. This figure marks a significant shift from four years ago, when stablecoins accounted for only 15–20% of the total volume.
Data indicates that monthly stablecoin volumes on the platform exceed $300 billion. Among the stablecoins utilized, USDC holds the largest share at 53%. The platform currently supports over 300 financial institutions, including fintech companies, banks, and payment service providers.
Key drivers for this growth include cross-border payments and institutional settlements. Partnerships with major firms such as Western Union and MoneyGram have contributed to the expansion. Increased regulatory clarity has also encouraged larger institutions to adopt stablecoins for utility rather than speculation.
In response to these trends, Fireblocks has introduced a Liquidity Market. This new product is designed to enhance executable pricing for stablecoin payments, addressing the growing demand for efficient conversion and settlement tools within the institutional sector.
