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Fortune 500 firm Fiserv is entering the stablecoin space with the upcoming launch of FIUSD, a U.S. dollar-backed digital asset set to go live on the Solana blockchain by the end of 2025.
In its official announcement, Fiserv revealed that the new stablecoin will integrate technology from Paxos and Circle, the company behind USDC, to ensure compliance and scalability for financial institutions.
FIUSD to Power Banking and Payments Infrastructure
FIUSD will be integrated into Fiserv’s extensive banking and payments infrastructure, making it easier for customers to access digital financial services within their existing banking workflows. The company aims to offer faster, more efficient, and cost-effective transactions through this blockchain-powered solution.
“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. This setup will allow seamless connections to Fiserv’s broader suite of services, including 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
In a separate announcement, Fiserv also revealed a partnership with PayPal to enable interoperability between FIUSD and PYUSD, PayPal’s USD-backed stablecoin launched in 2023. This collaboration aims to create a more unified and liquid stablecoin ecosystem across major platforms.
In addition to Paxos and Circle, Fiserv is currently in talks with several other companies to expand the use of stablecoins and tokenized deposits across the financial sector.
A Growing Trend in Traditional Finance
Fiserv’s move into stablecoins comes as part of a broader trend where traditional financial institutions are embracing blockchain technologies. With legislative frameworks like the proposed GENIUS Act gaining momentum in the U.S., companies like Ripple (RLUSD) and PayPal are also pushing into the space.
As regulatory clarity improves, FIUSD could become a significant player in the next wave of stablecoin adoption, especially among regulated banks, payment processors, and financial networks.
Bottom Line: 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.