dLocal Joins Fireblocks Network for Payments to Strengthen Fiat–stablecoin Rails in Emerging Markets

By Dominic Sow · 10 September 2025

dLocal partners with Fireblocks Network for Payments to enable stablecoin on/off-ramps in emerging markets, featuring CEOs Pedro Arnt and Michael Shaulov.

dLocal, (NASDAQ: DLO), a leading cross-border payment platform connecting global merchants to emerging markets, announced today it has joined the Fireblocks Network for Payments to simplify how institutions access liquidity providers and on/off-ramp with over 2,400 participants. Fireblocks, the enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, operates one of the largest digital asset ecosystems globally. With dLocal joining the Fireblocks Network for Payments, its local infrastructure across emerging markets becomes part of that ecosystem, while Fireblocks expands its ability for institutions to build robust and scalable stablecoin payment flows. Despite the rapid adoption of crypto—with the average supply of stablecoins in circulation reaching USD$ 208B this year—bridging fiat and stablecoins remains complex, especially in emerging markets. Global businesses continue to face operational hurdles, high costs, and fragmented local rails when moving between traditional currencies and digital assets. This integration addresses these challenges by combining Fireblocks’ global scale with dLocal’s deep local infrastructure and expertise in emerging markets. With dLocal on the Fireblocks Network for Payments, institutions gain a trusted partner for on- and off-ramps in emerging markets. For businesses, this means faster access to liquidity, lower operational costs, and the ability to connect with consumers across 40+ markets and 900+ local payment methods. “Stablecoin adoption is accelerating everywhere, but the real test is making it work in emerging markets, where the frameworks are in constant construction,” said Michael Shaulov, CEO and Co-founder of Fireblocks. “With dLocal joining the Fireblocks Network for Payments, we’re combining their deep local expertise with the scale, security, and reliability of Fireblocks’ institutional infrastructure. Together, we’re enabling global businesses to bridge fiat and stablecoins with confidence.” “This collaboration is a defining step in bringing stablecoins and traditional finance closer together,” said Pedro Arnt, CEO at dLocal. “By joining Fireblocks Network for Payments, we’re giving thousands of businesses a direct link into the world’s fastest-growing markets, helping them transact more efficiently and gain faster, more reliable access to liquidity.”