Fiserv, a payments and financial services technology firm has announced the launch of a new stablecoin named FIUSD. The company plans to integrate this stablecoin into its digital asset platform and banking infrastructure by the end of 2025.
FIUSD will allow access to blockchain-based financial services by banks and merchants in a stable and regulated environment. Fiserv intends to provide this service free of charge to its consumers, making the process of transferring digital assets simpler and quicker over its global network.
Fiserv confirmed that FIUSD will operate on the Solana blockchain. The stablecoin will work with infrastructure from Paxos and Circle, two regulated providers with experience in issuing digital currencies.
The firm will employ its current systems to assist FIUSD. It enables financial institutions and merchants to integrate the stablecoin into their existing business without an alteration to its operations. Around 90 billion transactions flow into the Fiserv network on a yearly basis, which reaches in total approximately 10,000 banks and six million merchant locations.
Fiserv COO Takis Georgakopoulos said,
“With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments.”
The launch of FIUSD comes soon after the U.S. Senate passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
The bill aims to establish clear rules for issuing and using stablecoins.
President Donald Trump has asked the House to pass the GENIUS Act quickly. Many experts believe this new law could help U.S. dollar-pegged stablecoins strengthen the Dollar’s role globally.
Paxos will provide the infrastructure to issue and manage FIUSD. The company is already regulated and has experience with large-scale digital asset programs. Paxos Head of Strategy Walter Hessert said, “Our platform—combined with Fiserv’s extensive network—will enable instant, borderless, and compliant payment solutions.”
Circle, which issues the USDC stablecoin, will also support FIUSD’s development. Circle President Heath Tarbert said, “Together, we will work to unlock the next frontier of money movement.”
Fiserv plans to make FIUSD interoperable with other major stablecoins. The company is also considering the use of tokenized deposits to give banks a more capital-friendly solution that keeps the speed and stability of blockchain transactions.
Fiserv’s announcement led to a 6% rise in its stock price during premarket trading. The stablecoin market also grew 8% in the past week, reaching a total market capitalization of $271 billion, based on DefiLlama data.
Despite this optimism, earlier last week, Peter Schiff claimed that USD-backed stablecoins are faulty. He cautioned them to avoid being pegged on a devaluing currency.
Nevertheless, businesses and regulators are still looking into the possibilities of using stablecoins to support quicker and less costly transactions.
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