Key highlights:
- Fiserv plans to debut its FIUSD stablecoin on the Solana blockchain by the end of 2025, targeting 10,000 financial institutions and six million merchants.
- FIUSD will be developed in partnership with Circle and Paxos, and will feature interoperability with PayPal USD to enable seamless cross-platform transactions.
- The initiative aligns with growing regulatory clarity in the U.S. and aims to provide a “bank-friendly” blockchain infrastructure integrated with traditional payment systems.
A new blockchain venture for traditional finance
Fiserv, a Fortune 500 financial technology and payments giant, has announced plans to launch a stablecoin, FIUSD, and a corresponding digital asset platform by the end of this year. The company, which processes over 90 billion transactions annually, is positioning FIUSD as a compliance-ready, blockchain-powered complement to existing financial infrastructure.
FIUSD will launch on Solana, a blockchain noted for its high throughput and low transaction costs. The token will be integrated into Fiserv’s existing banking stack, serving a client base that includes approximately 10,000 financial institutions and six million merchants globally. Fiserv is partnering with stablecoin issuers Circle and Paxos to build the back-end infrastructure, emphasizing regulatory compliance and interoperability.
“Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services,” said Takis Georgakopoulos, the firm’s chief operating officer. Georgakopoulos, who joined Fiserv from JP Morgan, brings deep experience from his previous role overseeing blockchain initiatives at the megabank.
Interoperability and global financial integration
Beyond simply issuing a digital dollar, Fiserv intends for FIUSD to operate as programmable money that functions around the clock, reducing reliance on legacy banking rails. The company also plans to explore deposit tokens and other tokenized financial products to help financial institutions optimize capital usage.
A notable feature of the FIUSD initiative is its focus on interoperability. In collaboration with PayPal, Fiserv will enable users to seamlessly transfer value between FIUSD and PayPal’s PYUSD. This partnership aims to streamline cross-border transfers, vendor payments, and digital disbursements across platforms.
The launch comes amid a broader industry trend of traditional financial firms embracing stablecoins. This momentum has been fueled by recent regulatory developments, including the U.S. Senate’s approval of the GENIUS Act. The legislation sets federal standards for stablecoin issuance, including full asset backing and anti-money laundering safeguards.
Positioning for a regulated digital future
Fiserv’s strategy underscores its intent not to disrupt, but to enhance the existing financial system with blockchain innovations. Its alignment with established, regulated entities like Circle is expected to aid its compliance efforts in both U.S. and European markets, the latter of which is governed by the MiCA framework.
The company’s move follows a growing interest among major corporates like Amazon and Walmart in issuing their own stablecoins, and mirrors similar efforts by JP Morgan and Visa to integrate digital currencies into conventional finance. Fiserv’s initiative signals a significant step forward in the convergence of blockchain technology with mainstream financial services.
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Source:: Fiserv to Launch FIUSD Stablecoin on Solana Blockchain