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Fireblocks Launches Stablecoin Liquidity Market for Payments Firms

Fireblocks opened a marketplace where payments companies can compare stablecoin quotes from multiple OTC desks, starting with B2C2 and Zodia Markets.

Why it matters

The platform aims to simplify stablecoin procurement for payments firms by consolidating price discovery and execution, potentially reducing reliance on manual OTC desk negotiations. Its significance depends on adoption by additional trading desks and payments companies.

Key facts

B2C2 and Zodia Markets are quoting stablecoin prices on the platform from day one

Reported by Unchained

Cumberland, FalconX, GSR, Hercle, Nonco and Wintermute are expected to join as liquidity providers

Reported by Unchained

MoneyGram, OpenPayd, Reap, TapTapSend and Zepz served as design partners for the marketplace

Reported by Unchained

Fireblocks says it takes no spread on trades executed through the marketplace

Reported by Unchained

Fireblocks does not take custody of funds or intermediate the flow of funds

Reported by Unchained

Ran Goldi, Fireblocks' chief payments and network officer, said the platform moves price discovery and execution inside the system

Reported by Unchained

What happened

Unchained reported that Fireblocks launched Fireblocks Liquidity Market on Thursday, allowing payments firms to request stablecoin prices from several OTC desks simultaneously and execute trades using their existing credit lines. B2C2 and Zodia Markets are quoting from day one, with Cumberland, FalconX, GSR, Hercle, Nonco and Wintermute expected to join. MoneyGram, OpenPayd, Reap, TapTapSend and Zepz served as design partners. Fireblocks stated it takes no spread on trades and does not handle custody or fund flows. Only one outlet covers this story, so all claims come from that single source.

How the story developed

  1. First report

    First report by Unchained

    Fireblocks Opens Stablecoin Marketplace for Payments Firms, Says It Takes No Spread

    Unchained

  2. Update

    Fireblocks Liquidity Market launches

    Platform goes live with B2C2 and Zodia Markets as initial liquidity providers

    Unchained

Affected entities

Original sources

PublisherReportRolePublished
Unchained
Crypto media
Fireblocks Opens Stablecoin Marketplace for Payments Firms, Says It Takes No SpreadOriginal