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
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Unchained Crypto media | Fireblocks Opens Stablecoin Marketplace for Payments Firms, Says It Takes No Spread | Original |