Fireblocks Opens Stablecoin Trading Hub to Multiple Liquidity Providers
The new service lets customers compare quotes from connected trading desks, while MoneyGram, OpenPayd and other firms join as design partners.
Key takeaways
- MoneyGram, OpenPayd, Reap, TapTapSend and Zepz joined as design partners.
- B2C2 and Zodia Markets are live liquidity providers at launch.
Fireblocks launched a trading service that lets businesses compare stablecoin quotes from multiple liquidity providers. MoneyGram, OpenPayd, Reap, TapTapSend and Zepz joined as design partners.
Customers can request and compare quotes, then trade using their existing relationships and settlement arrangements with each provider. Fireblocks said the service shows available credit, margin requirements and balances across connected desks, and records each trade against its originating quote.
B2C2 and Zodia Markets are live providers, with six others expected to join. Fireblocks said trades settle directly between customers and providers, without Fireblocks taking custody or sitting in the flow of funds. The service is available to its customers globally.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
