Euronet and Fireblocks Power the Next Era of Mainstream Payments with Stablecoin-Funded Card Issuing
What's happening
Euronet (NASDAQ: EEFT) and Fireblocks announced an extension of their partnership to bring stablecoins into card issuing, positioning stablecoin funding as a payments option for mainstream card products. Fireblocks also launched a Liquidity Market that lets payments companies compare stablecoin prices from multiple OTC liquidity providers and request quotes, with customers including MoneyGram, OpenPayd, Reap, TapTapSend and Zepz. Reddit discussion highlights how payment companies source stablecoin liquidity from OTC desks.
Why it's trending
Because Fireblocks just launched a Liquidity Market and the Euronet partnership makes stablecoin-funded card issuing a concrete product move, stablecoin settlement is moving from experimentation toward live payment rails.
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If you issue cards, stablecoins are about to become a native funding source you can price-test today, here's the short playbook I would use this quarter.
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Original sources4
- Fireblocks Launches Liquidity Market for Stablecoin Trading
Fireblocks has launched a trading platform that allows payments companies to compare stablecoin prices from multiple liquidity providers in one place. Fireblocks Liquidity Market enables customers to request quotes from different over-the-counter (OTC) trading desks and execute transactions under existing trading and settlement arrangements. MoneyGram, OpenPayd, Reap, TapTapSend and Zepz have join
Fintech News SingaporeOct 20 - Euronet and Fireblocks team on stablecoin-funded card issuing
Euronet (NASDAQ: EEFT), a global payments infrastructure company and leader in payments processing and cross-border transactions, and Fireblocks, the digital asset infrastructure company, today announced an extension of their partnership to bring stablecoins into card issuing.
FinextraOct 19 - Euronet and Fireblocks Power the Next Era of Mainstream Payments with Stablecoin-Funded Card IssuingGlobeNewswireOct 19
- How Payment Companies Source Stablecoin Liquidity From OTC Desksr/paymentsOct 15
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