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Fireblocks launched Liquidity Market for stablecoin payments, citing $300 billion monthly volume and 110% year-over-year payments growth on its platform.
Fireblocks has launched Liquidity Market as it argues the main constraint in stablecoin payments is not transfer speed but access to executable liquidity. In a post published Oct. 15, 2026, the company said payment firms increasingly need to compare and execute quotes across multiple OTC desks at once as stablecoin rails move value instantly, around the clock and across borders.
Evidence and context
Fireblocks said more than $300 billion in stablecoin volume moved across its platform each month on average over the past year. It also said payments is its fastest-growing segment, up 110% year over year. Those figures describe activity on Fireblocks’ own infrastructure, not the broader stablecoin market, and they do not by themselves establish market-wide OTC liquidity conditions.
The company described current liquidity sourcing as a manual process in which payment companies and trading firms request quotes from a small number of OTC desks through Telegram, email or individual portals, then track credit lines, balances and live prices separately. Fireblocks said that approach becomes harder to scale as firms expand into new markets and need different providers for different corridors.
According to the post, Liquidity Market lets users request quotes from multiple OTC desks at once, compare them side by side and execute against the best price inside Fireblocks. The workflow is built to show credit, balances, limits, margin and trading history in one place, while tying each execution back to its quote and desk. Fireblocks said the service can be used through its Console or by API and is governed through Transaction Authorization Policy controls.
Fireblocks also said more than 10 non-bank desks supply payment companies on its platform at multi-billion-dollar scale, and more than 325 payment companies are customers. It said its Network remains neutral and does not take the other side of trades or custody user assets. The company said Liquidity Market will go live the week of Money20/20, with B2C2 and Zodia Markets as the first liquidity providers and more desks to follow in the directory shortly after.
Independent material supplied alongside the announcement underscores the difference between price and executable liquidity. The background notes that market capitalization and on-chain transfer volume do not determine how much an OTC dealer can quote, settle or convert into fiat immediately. It also points to public-venue depth data for DAI on Oct. 15, 2026, showing that visible liquidity can vary sharply by venue and pair. The reviewed sources do not establish a current market-wide OTC liquidity crisis.
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