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Fiserv Plans To Launch Fiserv Digital Asset Platform, Including New Stablecoin FIUSD; FIUSD Expects To Use Stablecoin Infrastructure From Paxos And Circle Internet Group
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Fiserv FI | 0.00 |
Bank-friendly coin will allow access to digital assets through a simple, secure, and scalable platform
Fiserv, Inc. (NYSE:FI), a leading global provider of payments and financial services technology, today announced plans to launch a new Fiserv digital asset platform, including a new stablecoin (FIUSD) that will be added to Fiserv's existing banking and payments infrastructure by the end of the year.
FIUSD expects to use stablecoin infrastructure from Paxos and Circle Internet Group, Inc. (NYSE:CRCL) – with the intention of making it interoperable with several leading stablecoins, and it will be available to Fiserv clients via Solana, one of the most trusted and used blockchains for stablecoins. In addition, the company is exploring the use of deposit tokens to maintain the benefits of stablecoins in a more capital-friendly structure for banks. Fiserv is active in discussions with other potential partners to further expand use cases for stablecoins and tokenized deposits, both in the United States and internationally.