Circle, Fireblocks Partner to Accelerate Stablecoin Adoption for Financial Institutions

Circle Internet Group Inc. (NYSE:CRCL) is one of the best IPO stocks to buy and hold for 3 years. On September 9, Fireblocks and Circle Internet Group Inc. announced a collaboration to speed up the adoption of stablecoins by financial institutions. The partnership combines Circle’s established stablecoin network with Fireblocks’ institutional-grade digital asset infrastructure, which includes custody, tokenization, and payments.

The goal is to provide a more seamless and secure way for financial institutions to build digital asset products and services. Fireblocks, which secures over $10 trillion in digital asset transactions, and Circle, a market leader in stablecoins, are working together to create an “institutional-grade, programmable financial system” for cross-border treasury and tokenized asset settlement.

A key part of this collaboration is the integration of Circle’s products and services with Fireblocks’ platform. Fireblocks customers will get seamless access to Circle’s stablecoins, including through Circle Gateway, a new cross-chain primitive that allows for a unified USDC balance and instant liquidity across different blockchains. The collaboration will also be supported by Arc, a new open Layer-1 enterprise-grade blockchain created specifically for stablecoin finance.

Circle Internet Group Inc. (NYSE:CRCL) is a platform, network, and market infrastructure for stablecoin and blockchain applications.

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Disclosure: None. This article is originally published at Insider Monkey.