What to know:
- Fireblocks launches Earn and deploys idle stablecoin balances via Aave and Morpho.
- The firm processed $6T stablecoin volume in 2025, up 300% across 2,400 clients.
- Institutional demand rises as lending seen as entry to broader on-chain exposure.
Fireblocks, a major crypto infrastructure provider, launched a stablecoin-focused product on Wednesday that allows institutions to deploy idle balances into on-chain lending strategies through Aave and Morpho integrations. The feature enters Early Access, reflecting rising institutional demand for efficient capital deployment solutions.
The company said Earn enables clients to route stablecoin holdings into curated lending strategies within its platform. The launch includes access to a Sentora-managed vault on Morpho and direct connectivity to Aave’s stablecoin lending markets.
Fireblocks said the feature targets capital that remains unused between settlement cycles and deployment periods. These balances often sit idle across institutional accounts without generating returns during short operational gaps.
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Fireblocks Reports $6T Stablecoin Volume Growth
Stablecoin transfer volume processed by the firm was $6 trillion during 2025. The number is a 300% increase over the prior year and encompasses more than 2,400 institutional clients on its network.
The rollout positions Fireblocks alongside platforms providing an institutional on-ramp to decentralized lending markets. Coinbase Prime, Anchorage Digital, Nexo Institutional, and Spark are among the competing services targeting stablecoin-based yield strategies.
Fireblocks did not specify fixed yield targets for the Earn product. It said that the returns are contingent on underlying protocol conditions and may vary, with no guarantee of a profit and a chance of zero yield.
The company is experiencing strong institutional interest in structured lending strategies, a spokesperson said. The firm also noted that lending is seen by institutions as a first step towards greater exposure on-chain, also including tokenized financial assets.
Aave Leads TVL as Fireblocks Expands Services
DeFiLlama data show that, in total value locked (TVL) up within decentralized lending protocols, Aave is on top at $26.02 billion. Morpho is next, with $7.68 billion, as supportive of its burgeoning role in stablecoin lending infrastructure.
The product solves inefficiencies in how capital is used, according to chief executive Michael Shaulov. Now institutions can deploy those balances into lending strategies on the same platform with existing operational controls, he said.
Fireblocks has widened its offering beyond lending recently. In October 2025, its trust division partnered with Galaxy and Bakkt to develop a New York regulatory-compliant custody framework.
The company also bolstered its infrastructure in the January 2026 acquisition. Fireblocks acquired the crypto accounting platform TRES for $130 million to support institutional tax reporting and compliance requirements.
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