Fiserv to Launch Digital Asset Platform with New Stablecoin, FIUSD, by Year-End
Fiserv, a leading provider of payments and financial services technology, has announced plans to launch a new digital asset platform that will include a stablecoin, FIUSD. This platform is set to be integrated into Fiserv's banking and payments infrastructure by the end of 2025, providing customers with access to an interoperable digital asset service.
The stablecoin, FIUSD, will leverage infrastructure from Paxos and Circle Internet Group and will be available via the Solana blockchain. The company is also exploring deposit tokens to offer stablecoin benefits in a capital-efficient structure for banks.
Fiserv's network connects approximately 10,000 financial institutions and six million merchant locations, processing 90 billion transactions annually. This scale will enable FIUSD to be widely adopted, allowing clients to create new products and services. The company will enable FIUSD using its existing technology, at no additional cost to clients.
Fiserv's chief operating officer, Takis Georgakopoulos, said that with their scale, reach, and technology leadership, they are uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services. Together with their other cloud-native banking and merchant platforms, they believe FIUSD will provide their clients with the efficiency and optionality they need to thrive in the evolving banking and payments ecosystem.
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