Euronet and Fireblocks Partner to Launch Stablecoin Card Programs
Digital asset infrastructure provider Fireblocks and payments provider Euronet Worldwide, Inc. (EEFT) have expanded their partnership to launch white-label stablecoin card services. Under the deal, financial institutions, fintech companies, and banks can issue stablecoin-backed cards using Euronet's Ren and CoreCard issuing platforms. Fireblocks will supply embedded crypto wallet technology to hold and transfer stablecoin balances behind the cards.
The service aims to make stablecoins easier for everyday payment processing. When consumers open an account, an embedded wallet is automatically generated, and deposited fiat currency converts into stablecoins. Users can make transactions without managing recovery seed phrases or downloading separate cryptocurrency applications, while merchants continue to settle payments in their local fiat currency.
Investors can monitor how financial institutions adopt the platform and whether card issuance drives volume across Euronet's payment systems. The updated arrangement builds on a relationship that started in October 2025, when Euronet initially began using Fireblocks for cross-border payment settlements and prefunding operations. Euronet shares were down 0.25% at $64.84 following the announcement.
Key points
- Fireblocks and Euronet Worldwide expanded their partnership to support white-label stablecoin card issuance for banks and fintechs.
- Card programs will run on Euronet's Ren and CoreCard platforms, utilizing Fireblocks' embedded wallet technology.
- Fiat deposits automatically convert to stablecoins, allowing users to make card purchases without managing crypto seed phrases.
- Merchants will continue receiving payment settlements in local fiat currency.
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How we writeDisclaimerQuestions and answers
What is the new partnership between Euronet and Fireblocks?
Euronet and Fireblocks expanded their deal to let banks and fintechs offer white-label stablecoin cards using Euronet issuing platforms and Fireblocks embedded wallets.
How do stablecoin cards work for consumers under this program?
Consumers receive an embedded wallet upon opening an account. Deposited fiat converts to stablecoins to back card spending, without requiring seed phrases or separate crypto apps.
Do merchants receive crypto or fiat when cardholders make purchases?
Merchants continue to receive card payment settlements in their local fiat currency.