Fiserv Set to Launch FIUSD Stablecoin on Solana, Partners with PayPal

Fiserv, a Fortune 500 company, is launching FIUSD, a dollar-backed digital asset set to launch on the Solana blockchain by 2025.

According to Fiserv, the new stablecoin will incorporate technology from Paxos and Circle, the company behind USDC, to ensure compliance and scalability.

FIUSD to Power Banking and Payments Infrastructure

The FIUSD system will be integrated into Fiserv's extensive banking and payments infrastructure, enabling customers to access digital financial services within their existing banking workflows. Through this blockchain-powered solution, the company wants to provide faster, more efficient, and cheaper transactions.

“Fiserv is uniquely positioned to accelerate stablecoin adoption across traditional finance,” said Takis Georgakopoulos, Chief Operating Officer at Fiserv. “With our global reach and cloud-native platforms, FIUSD will offer our clients both efficiency and choice in an evolving financial ecosystem.”

The stablecoin will run on Fiserv’s Finxact core banking system, which will serve as its foundational ledger. As a result, Fiserv will be able to provide seamless connections to its broader range of services, such as cloud orchestration, merchant solutions, and digital banking.

Expanding Reach Through Financial Networks

Fiserv services over 10,000 financial institutions and operates across six million merchant locations, processing nearly 90 billion transactions annually. With FIUSD, the company plans to extend blockchain access to a much broader user base through trusted banking channels.

Strategic Partnership with PayPal

Fiserv also announced a partnership with PayPal to enable interoperability between FIUSD and PYUSD, PayPal's USD-backed stablecoin launched in 2023. The aim of this collaboration is to develop a stablecoin ecosystem that is unified and liquid across major platforms.

Furthermore, Fiserv is currently in talks with several other companies to expand the use of stablecoins and tokenized deposits throughout the financial sector.

A Growing Trend in Traditional Finance

With Fiserv's move into stablecoins, traditional financial institutions are embracing blockchain technology in a broader sense.

Companies such as Ripple (RLUSD) and PayPal are also pushing into the space with legislative frameworks such as the proposed GENIUS Act gaining traction. As regulatory improves, especially among regulated banks, payment processors, and financial networks, FIUSD could become a significant player in stablecoin adoption.

Bottomline: With strong partnerships, regulatory alignment, and deep integration into traditional finance, FIUSD on Solana could be one of the most impactful stablecoin launches to date.