Circle and Fireblocks Forge Powerful Alliance to Transform Cross-Border Payments

2025/09/10 16:00
Circle
  • Circle and Fireblocks team up to expand USDC use among global financial institutions.
  • The deal combines custody, payments, and settlement tools into one integrated framework.
  • Institutions gain access to the Arc blockchain and Circle Gateway for cross-chain liquidity.

Circle, the company behind the stablecoin USDC, has entered into a major partnership with Fireblocks, a well-known platform for secure digital asset custody and payments. The collaboration is designed to make it easier for banks, fintechs, and other financial institutions to adopt stablecoins in their operations.

The arrangement combines the company’s stablecoin network with Fireblocks’ custody and payment infrastructure. This will allow institutions to manage cross-border settlements, treasury activities, and tokenized asset transactions on a safer and more scalable foundation.

Michael Shaulov, co-founder and CEO of Fireblocks, described the partnership as a step toward building trusted systems for stablecoin finance. Jeremy Allaire, co-founder and CEO of Circle, said the collaboration will help institutions move closer to a future where money is programmable and finance is more efficient worldwide.

Also Read: Stablecoins Could Disrupt Banks, Similar to 1980s Financial Crisis: Report

Circle Gateway Simplifies Cross-Chain USDC Liquidity

Stablecoins like USDC are changing how money moves by offering fast, programmable, and borderless transactions. As adoption grows, financial institutions face mounting pressure to roll out new services while keeping up with regulatory and compliance standards.

Circle and Fireblocks aim to address these needs by giving institutions tools to manage custody, tokenization, and settlement under one secure system. This approach can help banks and enterprises deliver products faster, while also accessing the liquidity and security required to meet client expectations.

Fireblocks has already processed more than $10 trillion in digital assets so far. At the same time, Circle is continuing to cement USDC as among the most-used stablecoins.

Overall, the two firms are working together to create the foundation on which institutions will be more confident in building their presence in the digital economy.

At the core of the alliance is Arc, a new enterprise-class Layer-1 blockchain that is specifically designed for stablecoin finance. Fireblocks will provide early support for Arc, allowing thousands of institutions to build and transact securely on top of these rails.

Circle Gateway, as part of the integration, will give institutions access to an aggregated USDC balance across multiple chains. The step will simplify cross-chain liquidity and offer an easier experience when settling on a large scale.

The deal also aligns the Fireblocks Network for Payments with the Circle Payments Network (CPN). The two will offer payment providers, banks, and financial technology firms a single system of compliance, liquidity, and operational tools.

Also Read: Circle Unveils Arc Blockchain As USDC Circulation Surges Past $65 Billion

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Is Your Online Poker Game Rigged? How Provably Fair Shuffling on Race Protocol Works

Is Your Online Poker Game Rigged? How Provably Fair Shuffling on Race Protocol Works

Is Your Online Poker Game Rigged? How Provably Fair Shuffling on Race Protocol Works The Verdict Upfront: Understanding Trust in Online Poker The Core Player Fear: Is My Game Fixed? The nagging question of whether an online poker game is rigged is a persistent fear for many players. Every bad beat or unlikely losing streak can fuel suspicions that a hidden algorithm is working against them. This concern stems from the inability to see the dealer or the physical deck, placing complete trust in a software system whose inner workings are invisible. The fundamental issue is a lack of transparency, leaving players to wonder if outcomes are truly random or manipulated for the house’s benefit. The Two Models of Trust: Third-Party Audits vs. Cryptographic Proof Historically, trust in online gaming has been built on a foundation of third-party verification. Reputable platforms submit their systems to auditors who certify their fairness. This model requires players to trust the regulatory bodies and the testing agencies. A newer, more transparent model is emerging with the rise of cryptographic proof. This approach allows players to mathematically verify the randomness of each outcome themselves, shifting the paradigm from blind trust to verifiable certainty. This evolution is the cornerstone of provably fair poker, which provides an auditable trail for every hand played. The Critical Distinction: Verifying a Game’s Process vs. Its Ultimate Outcome It is essential to understand what fairness verification actually proves. A provably fair system cryptographically confirms that the process of generating an outcome, such as shuffling a deck of cards, was random and not tampered with. It verifies the integrity of the path to the result. This does not guarantee a player will win; it guarantees that the conditions under which they won or lost were not manipulated. The game’s inherent probabilities and house edge still apply, but the player can be certain the randomness was legitimate. The Shadow of Doubt: Why Players Distrust Traditional Online Poker The “Black Box” Problem of Centralized Random Number Generators (RNGs) Traditional online poker platforms rely on Random Number Generators (RNGs) to simulate the shuffling of a physical deck. While technologically sophisticated, these systems operate as a “black box.” Players input their actions and receive an output, the dealt cards, without any visibility into the process. This opacity is the primary source of distrust. Because the mechanism is hidden, players have no way to independently confirm that the card distribution is genuinely random and not influenced by factors designed to increase the platform’s profit. How Legacy Systems Build Trust: The Role of Regulation and Audits To counteract this inherent distrust, the established online gaming industry relies on a strict framework of regulation and independent audits. Licensing bodies and certification agencies form the backbone of this trust model, providing oversight that assures players of a platform’s integrity. Licensing Bodies: The Authority of the UKGC and MGA Regulatory authorities like the UK Gambling Commission (UKGC) and the Malta Gaming Authority (MGA) are known for their stringent standards. They mandate that licensed operators adhere to strict protocols for game fairness, player fund protection, and responsible gaming. These bodies conduct regular compliance checks and audits, imposing severe penalties for any violations. Their logos on a poker site serve as a mark of legitimacy and regulatory oversight. Certification Agencies: How eCOGRA and iTech Labs Test RNGs Independent agencies such as eCOGRA and iTech Labs specialize in testing the software that powers online games. They perform rigorous statistical analysis on RNGs to ensure their outputs are unpredictable, non-repeatable, and uniformly distributed. A certification from one of these labs confirms that a game’s RNG behaves like a true source of randomness, providing a crucial layer of assurance for players and regulators alike. What Traditional RNGs Can’t Guarantee: The Need for Player-Side Verification Despite the robust framework of regulation and third-party audits, the traditional model has a fundamental limitation: it does not empower the player to verify fairness for themselves. Players must still trust the regulators and the auditors. There is no mechanism for a player to take the data from a specific hand they just played and independently confirm its randomness. This gap is precisely what provably fair technology was designed to fill. A New Deal: The “Provably Fair” Revolution Explained What is Provably Fair? Moving from Blind Trust to Verifiable Proof Provably fair is a system built on cryptographic principles that allows any player to independently verify that a game’s outcome was random and not altered. Instead of asking players to trust a third-party seal of approval, it provides a mathematical receipt for every game round. This receipt contains all the necessary data to replay the randomization process, proving that the result was determined before the bet was placed and was not manipulated in any way. The Cryptographic Recipe: How Server Seed, Client Seed, and Nonce Work Together The magic of a provably fair system lies in its core components. Three key pieces of data combine to create a verifiable random outcome: the server seed, the client seed, and the nonce. The Server Seed: The House’s Initial Commitment Before any hand is dealt, the platform’s server generates a secret random number called the server seed. To prove it will not change this number later, the server creates a cryptographic hash of this seed and shows it to the player. This hashed seed acts as a commitment, a locked digital seal that cannot be altered without detection. The Client Seed: Your Input into the Randomness The system then incorporates a client seed, which is a number generated by the player’s device. In many implementations, the player can even input or modify this seed. This step is crucial because it ensures the platform does not have full control over the inputs that determine the outcome. The player’s own input becomes part of the randomization process. The Nonce: Ensuring Every Single Hand is Unique A nonce is a simple counter that increases with each hand or bet a player makes, typically starting from 0 or 1. Its purpose is to ensure that even if the server and client seeds remain the same for a session, the outcome for each distinct hand is unique. It acts as a unique identifier for each transaction within the game. Creating an Unbreakable Seal: The Role of SHA-256 Hashing The cryptographic security of the provably fair system relies on a hashing function, most commonly SHA-256. Hashing converts an input (like the server seed) into a unique, fixed-length string of characters. This process is a one-way street; it is easy to generate a hash from a seed, but computationally impossible to derive the original seed from its hash. This technology ensures that the platform can commit to a result without revealing it, creating an unbreakable, verifiable seal. The Race Protocol Method: A Deep Dive into Provably Fair Shuffling Next-Generation Fairness: Multi-Party Computation on a Serverless WASM Engine The infrastructure of Race Protocol elevates the provably fair concept far beyond the traditional client-server model by using Multi-Party Computation (MPC). Instead of a single central server that could be a point of manipulation, game logic is executed by a network of community-hosted nodes (a “Transactor” and multiple “Validators”). This decentralized architecture ensures that no single party — not even the primary game operator — can influence the shuffle. Why WASM is a Game-Changer for Performance and Verifiability WebAssembly (WASM) is a high-performance binary instruction format that runs in a secure sandbox. Compiling game logic to WASM provides two key advantages. First, it offers near-native speed, crucial for a seamless gaming experience. Second, and more importantly for fairness, a WASM binary is deterministic. This means the same input will always produce the exact same output on any machine, making the game logic itself independently verifiable by anyone. Step-by-Step: The Lifecycle of a Shuffled Deck on Race Protocol The process of shuffling on Race Protocol is a collaborative and transparent event between multiple independent servers, using a “mental poker-style” algorithm to guarantee fairness. Step 1: Randomization is Initiated The primary server node (the Transactor) initiates the need for a random outcome, such as shuffling a deck. Step 2: All Nodes Contribute Secrets The Transactor and all connected Validator nodes each generate their own secret random data. They commit to this data by sharing cryptographic hashes of it with each other. This ensures no node can change its secret after seeing the others. Step 3: A Collaborative Shuffle is Generated The nodes engage in a multi-round cryptographic protocol where they exchange parts of their secret data. This collaborative process combines their individual inputs to generate a final, verifiably random outcome (the shuffled deck). Because multiple independent parties contributed, no single node could have predicted or controlled the result. Step 4: The Hand is Played With the deck now shuffled by the collective, the hand is dealt and played to completion. Step 5: The Process is Audited After the hand, the entire process is auditable. Any participant can verify the on-chain data and review the open-source WASM game logic to confirm that all nodes followed the protocol correctly. This is the key difference: trust is derived from the verifiable collaboration of multiple independent parties, rather than the older method of revealing a single server’s secret seed after the fact. Become the Auditor: How to Manually Verify a Poker Hand’s Fairness Locating the Game’s Cryptographic Data (Hashed Seed, Seeds, Nonce) Reputable provably fair platforms make the verification data readily accessible, usually in the game’s history or transaction details section. For any given hand, you should be able to find the hashed server seed (provided before the hand), the unhashed server seed (revealed after), your client seed, and the nonce used for that specific hand. Using an Independent Verifier Tool (like Xorbin) to Check the Hash You do not need to be a cryptographer to verify a hand. Independent online tools, such as Xorbin, can perform the check for you. You simply input the unhashed server seed that was revealed after the game. The tool will calculate its SHA-256 hash. You then compare the result generated by the tool to the initial hashed server seed provided by the platform. If they match, you have cryptographic proof that the operator did not change the seed after you placed your bet. What a Successful Verification Proves (and What It Doesn’t) A successful verification proves that the outcome of the shuffle was determined by the committed seeds and was not altered mid-game. It confirms the integrity of the randomization process. It does not prove the underlying algorithm is free from design flaws, nor does it alter the game’s statistical probabilities or house edge. It is a powerful tool for eliminating doubts about active tampering, but it is not a guarantee of winning. The Million-Dollar Question: Does “Provably Fair” Mean the Game Isn’t Rigged? The “Illusion of Fairness” Argument: Verifying the Path, Not the Predetermined Outcome Critics of some provably fair implementations argue that they create an “illusion of fairness.” They posit that while players can verify the cryptographic path from seed to result, the outcome could still be predetermined. The argument is that an operator could cycle through server seeds until they find one that produces a losing outcome for the player, and then commit to that seed’s hash. This sophisticated critique highlights the importance of truly random seed generation. Can a Provably Fair Algorithm Be Biased? Exploring Algorithmic Manipulation Theoretically, an algorithm could be designed with a bias. For example, if the client seed is not given enough weight in the randomization formula, the operator might retain a degree of influence. Furthermore, the selection of the initial server seed is critical. If the server seed isn’t generated from a source of true randomness, but is instead chosen to produce specific outcomes, the system could be manipulated. The Critical Importance of Oversight: Why Regulated Provably Fair is a Different Beast This is where regulation and transparent design become paramount. A system like Race Protocol, where the game logic runs as open-source WASM code, makes such manipulation detectable. When a provably fair system is also subject to regulatory oversight from bodies like the UKGC or MGA, it provides the best of both worlds: the mathematical certainty of cryptography combined with the accountability of a regulated framework. Player Beware: Red Flags in Unregulated Crypto Casinos Players should be cautious with unregulated crypto casinos that heavily market “provably fair” as their only trust signal. Red flags include a lack of a clear gaming license, opaque terms of service, and an inability to withdraw funds easily. True fairness comes from a combination of verifiable technology and accountable operations, not just a marketing buzzword. Provably Fair in Action: Benefits and Real-World Examples For Players: The Power of Absolute Proof, Not Just a Promise The primary benefit for players is the shift from trusting a platform’s promises to having the power of absolute proof. This transparency eliminates the fear of a dealer or algorithm cheating, allowing players to focus on strategy with confidence. It creates a level playing field where skill and luck are the only determining factors. For Developers: Building Player Trust and Reducing Infrastructure Overhead For developers, implementing a provably fair system is a powerful way to build immediate trust with their player base. It serves as a key differentiator in a crowded market. Furthermore, systems built on decentralized infrastructure like Race Protocol can reduce the overhead and security risks associated with maintaining centralized game servers, as the logic is executed and verified across the network. Beyond Poker: Provably Fair Implementations The principles of provably fair are not limited to poker. The technology has been successfully applied to a variety of online games, proving its versatility and effectiveness. Crash Games: ROCKIT! and BOOM! In crash games like ROCKIT!, players bet on a multiplier that increases until it randomly “crashes.” Provably fair algorithms are used to determine the exact crash point before the round begins, allowing players to verify that the outcome wasn’t decided based on when they chose to cash out. Dice Games: The Primedice Model Dice games are one of the simplest and most popular implementations. Platforms like Primedice use the combination of server seed, client seed, and nonce to generate a roll outcome. Players can verify that every single roll was mathematically fair and not manipulated. Leading Crypto Casinos: Stake.com and Bitcasino.io Major crypto-centric platforms like Stake.com and Bitcasino.io have built their reputations on offering a wide array of provably fair games. They provide built-in verification tools that make it easy for players to check the integrity of their gameplay, setting a new standard for transparency in the industry. Frequently Asked Questions (FAQ) Is Provably Fair technology slower than a traditional RNG? No, provably fair calculations are extremely fast and do not introduce any noticeable latency for the player. The cryptographic hashing and seed combinations happen in milliseconds, ensuring a smooth and responsive gaming experience comparable to traditional RNG-based systems. Can Race Protocol be used for games other than poker? Yes, Race Protocol is a flexible, game-agnostic infrastructure. Its WASM-based engine can execute the logic for any type of game where verifiable fairness is crucial, including blackjack, dice, slots, crash games, and complex strategy games. What is the difference between Return-to-Player (RTP) and Provably Fair? Return-to-Player (RTP) is a statistical measure of the percentage of wagered money a game is expected to pay back to players over the long run. Provably Fair is a technological method to verify the integrity and randomness of a single game outcome. An operator can have a provably fair game with a low RTP; the two concepts are distinct but complementary indicators of a fair gaming environment. Can a Provably Fair system be hacked or cracked? The core cryptographic components of a provably fair system, such as the SHA-256 hashing algorithm, are considered unbreakable with current computing technology. While a platform’s website could be hacked in other ways, the mathematical proof behind a specific game outcome cannot be retroactively cracked or altered. Q: What is the role of Zero-Knowledge Proofs in advanced on-chain gaming? Zero-Knowledge Proofs (ZKPs) represent the next evolution of on-chain gaming. While provably fair systems like Race Protocol’s prove fairness by making the process transparent and verifiable, ZKPs can prove that a computation (like a card shuffle) was done correctly without revealing any of the inputs at all. For advanced systems like Race Protocol, this technology unlocks the potential for more complex, fully on-chain games where player information can remain private while the game’s integrity remains cryptographically verifiable. Is Your Online Poker Game Rigged? How Provably Fair Shuffling on Race Protocol Works was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story
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Medium2025/09/10 21:09
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