Michael Shaulov on stablecoin adoption
From Money 20/20 EU: Michael Shaulov of Fireblocks on Stablecoins, AI, and the Future of Money Movement · · New York Stock Exchange
“Firebox right now is processing $6 trillion per year of digital asset volume. About a year ago, 40 something% of that was stable coin. Now, it's 65%. So, out of that is basically we are at a $3.5 almost 4 trillion per year and only goes for Firebox and we are about like 10% of all the onchain transactions.”
On , Michael Shaulov, CEO & Co-Founder at Fireblocks, spoke about stablecoin adoption during Money 20/20 EU: Michael Shaulov of Fireblocks on Stablecoins, AI, and the Future of Money Movement on New York Stock Exchange.
About Michael Shaulov
Michael Shaulov, CEO and co-founder of Fireblocks, has been active in media appearances discussing the company's role in stablecoin infrastructure. At Money 20/20 Europe in June 2025, Shaulov said that the GENIUS Act in the United States had "unleash[ed] this crazy adoption" of stablecoins among fintechs, payment companies, and banks. He noted that Fireblocks was processing about $6 trillion per year in digital asset volume, with stablecoins accounting for 65% of that, up from roughly 40% a year earlier. Shaulov also announced the launch of Fireblocks Flow, a product he described as allowing payment companies, merchants, and fintechs to accept and send stablecoins in a manner similar to what Plaid did for traditional payments. In May 2026, Shaulov discussed Fireblocks' partnership with Western Union to power its first stablecoin, USDPT. He stated that Fireblocks was providing the wallet infrastructure, concentration layer, and the ability to move assets from the U.S. and Europe to Latin America, Africa, and APAC. Shaulov described this as a "generational modernization" for Western Union's infrastructure, moving from technologies built in the 1970s to blockchain-based rails. He also said that Fireblocks was working on more than 30 RFPs across tier-one and tier-two banks globally, and that he believed banks would be the next wave of adopters for digital assets, including stablecoins, tokenized securities, and tokenized commodities.