Euronet, Fireblocks Expand Partnership Into Stablecoin Card Issuing

Euronet and Fireblocks expanded their payments partnership on Oct. 19 to support stablecoin-funded card programs, giving banks and fintechs a way to offer branded cards through their existing apps. The planned service would use Euronet’s Ren and CoreCard issuing platforms and Fireblocks’ embedded wallets, which would hold and transfer the stablecoin balances behind the cards. Financial institutions could make the cards available through their banking or wallet apps. Each cardholder would receive an embedded wallet when opening an account. Fiat top-ups would be converted to stablecoins before being credited to the wallet. When a cardholder makes a purchase, the merchant would receive local currency. Cardholders would not need to manage a seed phrase or use a separate crypto app. The expansion takes the companies’ relationship into card issuing.

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