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Fiserv, in collaboration with PayPal and Circle, launched the USD stablecoin FIUSD.
According to Deep Tide TechFlow news on June 28, as reported by Catenaa, the American financial technology giant Fiserv announced plans to collaborate with PayPal and Circle to launch the dollar-backed stablecoin FIUSD.
The stablecoin is expected to be launched by the end of this year, initially operating on the Solana blockchain and integrated with Fiserv's Finxact core banking platform. FIUSD aims to facilitate payment settlements, remittances, and invoice reconciliation using tokenized USD.
This move follows the passage of stablecoin legislation by the U.S. Senate and reflects an increasingly clear regulatory environment and growing confidence among institutions in regulated digital dollar alternatives.
Fiserv emphasizes that FIUSD will operate in compatibility with other stablecoins, potentially attracting more partners and facilitating wider adoption. The company is also exploring deposit tokens, allowing banks to provide digital payment solutions while retaining regulatory protections and traditional capital advantages.