Fireblocks, a crypto technology provider valued at $8 billion, has announced the launch of its stablecoin payment network, Fireblocks Network for Payments. This new network will connect over 40 institutions, including Bridge, a stablecoin startup acquired by Stripe, as well as Circle, Zerohash, and Yellow Card. The network supports the transfer of multiple stablecoins. CEO Michael Shaulov stated that the network aims to simplify cross-institutional stablecoin payments, reducing costs and minimizing error risks.