First DAG is building a crypto payments platform to help merchants accept stablecoins. The platform, to be launched this spring, will now help Fireblocks enable stablecoin payouts and B2B payments with stablecoins for its institutional clients.
As part of the deal, First DAG's platform will be merged and fully integrated into Fireblocks, said Shaulov. He added that First DAG will be a new business unit of Fireblocks focused on payments. All 16 employees of First DAG will also join Fireblocks, taking the latter's total headcount to 343, said Shaulov.