Fiserv, a Fortune 500 fintech and payments giant processing 90 billion transactions annually, announced plans to launch a new digital asset platform featuring the FIUSD stablecoin later this year. FIUSD will operate on the Solana blockchain, leveraging fast transaction speeds, and will use backend stablecoin infrastructure from Circle (CRCL) and Paxos. The stablecoin will be made available to approximately 10,000 financial institution clients and 6 million merchant locations serviced by Fiserv.
The platform is designed to be 'bank-friendly' by integrating with existing payment rails and offering built-in compliance, fraud monitoring, and risk management tools. FIUSD also aims to be interoperable with other major stablecoins, enhancing its utility. Additionally, Fiserv announced a partnership with PayPal (PYPL) to connect FIUSD with PayPal USD (PYUSD), enabling seamless stablecoin transfers across platforms to facilitate cross-border payments, payouts, and vendor settlements.
Fiserv’s COO, Takis Georgakopoulos, highlighted the company’s ambition to democratize access to blockchain financial services by providing clients with efficient, scalable, and interoperable digital asset solutions. The collaboration with Circle, Paxos, and PayPal demonstrates a wide industry effort to embed stablecoins into existing financial infrastructures, amidst a regulatory environment advancing through measures like the U.S. Senate’s GENIUS Act.
FIUSD will be integrated into Fiserv’s current platforms via an SDK at no extra cost to clients, promoting adoption while retaining full customer control. The new digital asset ecosystem will harness Fiserv’s Finxact ledger and cloud-native orchestration, delivering a seamless fiat-to-digital experience. Industry leaders from Paxos and Circle expressed strong support for the partnership, emphasizing global regulatory compliance and innovation in digital payments. Fiserv’s exploration of deposit tokens and ongoing talks with other partners indicate further expansion of use cases for stablecoins and tokenized deposits worldwide.