Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Last week, Binance began enforcing jurisdiction-specific regulations requiring Personally Identifiable Information (PII) for certain crypto withdrawals and deposits (Binance US is not affected). These updates carry immediate operational and compliance implications for Fireblocks customers based in Japan, New Zealand, India, the UAE, Bahrain, South Africa, Poland, France, and Kazakhstan who transact with Binance.

When I joined Fireblocks ten months ago, stablecoins were just starting to break into the payments conversation. Today, that conversation is everywhere. At Stablecon 2025 and in one-on-one conversations with PSPs, global marketplaces, and fintech leaders, I’ve seen the shift firsthand: stablecoins have crossed the chasm. In 2024 alone, Fireblocks infrastructure facilitated over $1.5 trillion in stablecoin transaction volume.

Banks and Financial Market Infrastructures (FMIs) have approached blockchain technology with both excitement and caution in recent years. They have been discouraged by regulators from engaging with permissionless blockchains. Many financial institutions have spent large amounts of time and money developing digital asset capabilities on highly permissioned and proprietary alternatives.

June sustained the stablecoin momentum, especially in the U.S., where legislation is at the final stretch. Around the world, regulators continued refining crypto intermediary and tokenization frameworks.

Minna Bank (“Minna no Ginko”), Japan’s first digital-native bank and a subsidiary of Fukuoka Financial Group, has announced a landmark initiative to explore how stablecoins and Web3 wallets can transform everyday financial services. In collaboration with Fireblocks, Solana, and TIS, the study will assess the technical and practical applications of stablecoins for real-world payments, trading, and next-generation user experiences.

According to our 2025 State of Stablecoins report, only 10% of respondents said they were undecided on stablecoin adoption. Stablecoins are becoming a core component of modern payment rails as payment providers, banks, and fintechs look to move faster, expand globally, and stay competitive. At Fireblocks, we’ve spent the past five years building digital asset infrastructure with over 300 financial institutions. Stablecoins are now central to many of their strategies.