Fiserv to Launch FIUSD Stablecoin on Solana by 2025

Fiserv Inc., a prominent global player in payments and financial services, has announced its intention to launch a USD-pegged stablecoin named FIUSD on the Solana blockchain. This initiative was revealed in a statement released on June 23. The stablecoin is being developed using infrastructure from Paxos and Circle, with an expected launch date by the end of 2025. FIUSD will be integrated into Fiserv’s existing banking and payments infrastructure, leveraging the company’s extensive network that includes over 10,000 financial institutions and six million merchants. This integration aims to provide instant scalability and rapid adoption, offering clients a reliable new channel for digital asset transfers.

FIUSD is designed to be a compliance-friendly and interoperable tool that enhances traditional banking services. It includes features such as fraud detection, risk controls, and real-time settlement, which are intended to help financial institutions maintain oversight while adopting digital payment rails. The launch will also explore how deposit tokens can support stablecoin features in a capital-efficient manner for banks. Takis Georgakopoulos, the Chief Operating Officer at Fiserv, highlighted the company’s unique position to advance stablecoin-powered payments and democratize access to blockchain financial services. He emphasized that FIUSD, along with Fiserv’s other cloud-native banking and merchant platforms, will provide clients with the efficiency and optionality needed to thrive in the evolving banking and payments ecosystem.

As part of the rollout, Fiserv is partnering with Circle, the issuer of USDC, to strengthen the back-end infrastructure of the FIUSD stablecoin initiative. This collaboration aims to extend access to Circle’s regulated stablecoin ecosystem, enabling real-time settlement and expanding global payment capabilities across Fiserv’s user base. Financial institutions and merchants within the Fiserv ecosystem will be able to leverage Circle’s network for cross-border and domestic transactions. Circle’s infrastructure will bridge traditional finance and internet-native payments, delivering low-cost, high-speed settlement via FIUSD. Jeremy Allaire, Circle’s CEO, noted that Fiserv’s integration with Circle’s infrastructure positions the company to extend the benefits of stablecoin-based payments and open internet finance to thousands of financial institutions.