Fiserv Launches FIUSD Stablecoin for Instant Digital Asset Network

Fiserv, Inc., a prominent global provider of payments and financial services technology, has announced its plans to launch a new digital asset platform, which includes a new stablecoin named FIUSD. This stablecoin will be integrated into Fiserv’s existing banking and payments infrastructure by the end of the year. FIUSD is designed to offer Fiserv customers a more efficient and interoperable digital asset service for their banking and payment flows. The stablecoin will leverage Fiserv’s extensive global network, which includes relationships with approximately 10,000 financial institution clients and six million merchant locations processing 90 billion transactions annually. This integration will provide instant scale for FIUSD, creating a digital asset network that clients can use to build new products and services. Fiserv plans to enable FIUSD through existing Fiserv technology at no additional cost to clients.
FIUSD is expected to utilize stablecoin infrastructure from Paxos and Circle Internet Group, Inc. The stablecoin will be interoperable with several leading stablecoins and will be available to Fiserv clients via Solana, one of the most trusted and used blockchains for stablecoins. Additionally, Fiserv is exploring the use of deposit tokens to maintain the benefits of stablecoins in a more capital-friendly structure for banks. The company is actively discussing potential partnerships to further expand use cases for stablecoins and tokenized deposits, both in the United States and internationally.
Takis Georgakopoulos, Chief Operating Officer of Fiserv, emphasized the company’s commitment to delivering state-of-the-art innovation, efficiency, and choice to all partners. He highlighted Fiserv’s unique position to advance stablecoin-powered payments and democratize access to blockchain financial services. Georgakopoulos believes that FIUSD, along with 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.
The use of stablecoins and tokenized deposits in traditional banking and payments is expected to rapidly expand due to their ability to settle 24/7, streamline processes, increase efficiency, and power use cases where existing options may be limited. Walter Hessert, Head of Strategy at Paxos, expressed excitement about partnering with Fiserv to power FIUSD with Paxos’s proven, globally regulated stablecoin issuance and payments platform. Hessert noted that Paxos’s industry-leading platform, combined with Fiserv’s extensive network, will enable instant, borderless, and compliant payment solutions for banks and institutions worldwide.
Heath Tarbert, President at Circle, also commented on the partnership, stating that Fiserv and Circle will work together to unlock the next frontier of money movement by embedding stablecoins into everyday commerce. This collaboration aims to make money move as easily, reliably, and instantly as sending an email. FIUSD is designed to enable financial institutions to maintain full control of their customer experience. Delivered through an easy-to-integrate Software Development Kit (SDK), it fits into existing Fiserv customer-facing platforms like Experience Digital and Commercial Center. FIUSD will enable compliance through existing built-in features such as fraud monitoring, risk management, and settlement controls.
Fiserv’s new digital asset platform will leverage its Finxact core processing platform as the underlying ledger and will be connected to the latest cloud-native orchestration, payments, and banking platforms. This will create an interoperable, end-to-end fiat and digital ecosystem. Sunil Sachdev, Head of Embedded Finance at Fiserv, stated that FIUSD is designed with clients in mind, offering a financial institution-friendly coin that simplifies stablecoin access through a secure and scalable ecosystem. Fiserv is excited to begin collaborating with clients, partners, and other ecosystem players to create modernized financial experiences. This announcement is the first in a series of planned announcements regarding Fiserv’s new digital asset platform and its partnerships.

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