Catenaa, Saturday, June 28, 2025-US fintech giant Fiserv announced Monday plans to launch its own US dollar-backed stablecoin, FIUSD, in partnership with PayPal and Circle.
The token is expected to debut by year-end, initially running on the Solana blockchain and integrating with Fiserv’s Finxact core banking platform.
The initiative aims to expand digital asset services across Fiserv’s extensive network, which includes more than 10,000 financial institutions and six million merchants.
FIUSD is designed to facilitate seamless payment settlements, remittances, and invoice reconciliation using tokenized dollars.
This move follows the recent passage of US Senate stablecoin legislation, reflecting growing regulatory clarity and institutional confidence in regulated digital dollar alternatives.
The partnership also seeks to explore joint applications of FIUSD and PayPal’s PYUSD stablecoin, which launched in 2023 and is already used in PayPal’s remittance service Xoom and merchant payments.
Fiserv emphasized that FIUSD will work compatibly with other stablecoins, potentially attracting additional partners and fostering broader adoption.
The company is also investigating deposit tokens that would allow banks to offer digital payment solutions while preserving regulatory protections and traditional capital advantages.
Following the announcement, Fiserv shares rose nearly 5%, signaling investor approval of its stablecoin strategy and positioning the firm among the first major banking technology providers to embed regulated digital currency infrastructure into their core platforms.
