Fireblocks launches institutional stablecoin service

Fireblocks has launched Earn, a new feature that lets institutional clients put parked stablecoin balances into onchain lending without leaving the Fireblocks platform. (fireblocks.com) The company announced the product on April 15, 2026, saying Earn launches with access to Aave’s stablecoin lending markets and a curated vault from Sentora powered by Morpho. Fireblocks said the feature is in Early Access for customers. (fireblocks.com) (prnewswire.com) Stablecoins are crypto tokens designed to track assets such as the United States dollar, and institutions often use them as cash-like settlement balances for trading, treasury transfers, payouts, and cross-border payments. Fireblocks said many of those balances sit idle for short periods between transactions. (fireblocks.com 1) (fireblocks.com 2) Fireblocks said it processes more than $200 billion in stablecoin transactions each month for more than 2,400 institutional clients, including corporate treasuries, exchanges, financial technology firms, and payment platforms. The company also said it has secured more than $10 trillion in digital asset transactions overall. (fireblocks.com) (prnewswire.com) The launch extends Fireblocks beyond custody, the business of safeguarding digital assets, into balance-sheet management for professional users. The company has spent the past year pitching banks and payment firms on stablecoin infrastructure, payments routing, and treasury controls. (fireblocks.com 1) (fireblocks.com 2) (fireblocks.com 3) That push comes as stablecoin volumes keep rising. Fireblocks said stablecoins moved more than $33 trillion onchain in 2025 and accounted for nearly half of transaction volume on its platform in 2024, while the company’s client base now includes more than 80 banks and, in a separate report, more than 300 banks and payment providers. (fireblocks.com 1) (fireblocks.com 2) (fireblocks.com 3) Earn also gives institutions a more packaged route into decentralized finance, the crypto lending and trading systems that run through smart contracts instead of traditional intermediaries. Fireblocks said customers can access those markets inside its existing controls framework rather than wiring assets out to separate crypto tools. (prnewswire.com) (fireblocks.com) The tradeoff is that yield on stablecoins depends on lending demand, protocol design, and market conditions, and onchain lending has a history of smart-contract and counterparty failures. Fireblocks said Earn uses curated access points and policy controls aimed at institutional risk management. (fireblocks.com) (fireblocks.com) For Fireblocks, the new product turns stablecoins from something institutions store and move into something they can deploy. The next test is whether banks, payment firms, and corporate treasury teams treat onchain yield as a routine treasury tool rather than a crypto side activity. (fireblocks.com) (fireblocks.com)