Fireblocks integrates with Bitpace to enhance stablecoin settlements

London-based crypto payment gateway Bitpace has integrated Fireblocks’ infrastructure to bolster its cross-border stablecoin settlement capabilities. The move is designed to let merchants and businesses send and receive payments, particularly in USDC, without routing through the sluggish correspondent banking system that most international transactions still depend on.

What the integration actually does

Bitpace, which was founded in 2016, operates as a crypto payment gateway that supports transactions across more than 70 different tokens. Its core product lets merchants accept crypto payments with automatic conversion into fiat currencies like USD and EUR, or into stablecoins like USDC. The company claims monthly transaction volumes exceeding $1 billion.

Fireblocks, the New York-based infrastructure provider founded in 2018, brings a different set of tools to the table. The platform offers institutional-grade custody built on multi-party computation (MPC) security, a cryptographic technique that splits private keys across multiple parties so no single point of failure can compromise funds. The company’s network currently supports over 2,400 organizations and has facilitated trillions in transfers across more than 150 blockchains. By plugging into Fireblocks, Bitpace gains access to that custody infrastructure and payments network without having to build it from scratch.

Why stablecoins are eating cross-border payments

Traditional cross-border payments can take days and cost anywhere from 1.5% to 6% of the transaction value in fees. Stablecoin transfers settle in minutes and cost a fraction of that amount.

Bitpace’s auto-conversion feature is particularly relevant here. A merchant in Germany can accept payment in Bitcoin from a customer in Singapore, have it instantly converted to USDC, and settle in euros. The entire process sidesteps the SWIFT network, nostro accounts, and the various intermediaries that traditionally clip the ticket on international commerce.

Bitpace is registered as a Virtual Asset Service Provider (VASP) in both Bulgaria and Estonia, giving it regulatory footing in the European market. That dual registration matters as the EU’s Markets in Crypto-Assets (MiCA) framework continues to reshape how digital asset businesses operate across the bloc.

The institutional trust layer

Fireblocks’ role in this partnership extends beyond simple custody. Its client base of over 2,400 organizations includes banks, exchanges, lending desks, and payment companies. MPC-based wallet infrastructure distributes key shares so that an attacker would need to breach multiple independent systems simultaneously.

The integration also gives Bitpace access to Fireblocks’ policy engine, which lets organizations set granular transaction rules — things like whitelisted addresses, velocity limits, and multi-approval workflows.

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