Fiserv, a leading US fintech company, has announced plans to launch its own US dollar-backed stablecoin, called FIUSD, in partnership with PayPal and Circle to enhance digital asset services across its banking and payments network.
The company aims to introduce FIUSD by the end of 2025, leveraging infrastructure from Paxos and Circle, with the stablecoin initially operating on the Solana blockchain and integrated into Fiserv’s existing platforms, including its Finxact core banking engine.
$90 billion financial services giant @Fiserv launches stablecoin platform on @solana pic.twitter.com/x5FimFtShj
— Mike Dudas (@mdudas) June 23, 2025
This initiative follows the recent US Senate approval of stablecoin legislation, reflecting increased institutional confidence in regulated digital dollar equivalents. Fiserv intends to provide financial institutions and merchants with innovative payment settlement options, supporting use cases such as remittances and invoice reconciliation through tokenized dollars.
Fiserv’s extensive network, which includes over 10,000 financial institutions and six million merchants, positions it to scale stablecoin adoption without requiring clients to overhaul existing legacy systems. The FIUSD token is designed to be compatible with other stablecoins, potentially attracting further partnerships. Additionally, Fiserv is exploring deposit tokens that would enable banks to offer digital payment solutions while maintaining regulatory protections and capital advantages typical of traditional deposits.
Following the announcement, Fiserv’s shares rose nearly 6%, signaling investor confidence in the company’s entry into regulated digital currency infrastructure. As regulatory clarity improves, Fiserv is among the first major banking technology providers to integrate tokenized dollars into its core ecosystem, aiming to drive innovation in financial services and broaden access to blockchain-powered payments.
This development marks a significant step in the mainstream adoption of stablecoins, promising faster and more efficient cross-border transactions, as well as enhanced digital financial services for both businesses and consumers.
PYUSD is already utilized in PayPal’s remittance service, Xoom, and vendor settlements, highlighting the practical applications of these digital dollars.
In parallel, Astra Fintech has launched a $100 million fund to stimulate innovation within the Solana ecosystem. The fund aims to support early-stage startups building decentralized applications (dApps) and infrastructure on the Solana blockchain.
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