Fiserv Set to Launch FIUSD Stablecoin on Solana
Fiserv, a Fortune 500 company, is set to introduce a new stablecoin called FIUSD. This U.S. dollar-backed digital asset will launch on the Solana blockchain by the end of 2025.
Fiserv plans to integrate FIUSD with its existing banking and payment systems. This integration aims to make digital services more accessible and efficient for customers. The company’s chief operating officer, takis Georgakopoulos, stated that Fiserv’s technology leadership positions it well to advance stablecoin-powered payments and expand access to blockchain financial services.
FIUSD will leverage Fiserv’s Finxact core processing system as its underlying ledger.It will also connect to various Fiserv systems, including cloud-native orchestration, payments, and banking platforms. The stablecoin’s launch will expand Fiserv’s global reach, bringing more users from over 10,000 financial institutions into the network.
Fiserv is also partnering with PayPal to enable interoperability between FIUSD and PayPal USD (PYUSD). This collaboration aims to expand access to and use of stablecoins and tokenized deposits. The company is in talks with other firms about potential partnerships to further this goal.
Several major banks and financial institutions are interested in the stablecoin sector, especially as the U.S. moves closer to the GENIUS Act becoming law. Fiserv’s efforts to tap into the fast-paced adoption of stablecoins amid regulatory milestones in the U.S. have made projects like Ripple’s RLUSD attract attention.
