Fortune 500 company Fiserv announced that it will launch a stablecoin called FIUSD on the Solana Blockchain network by the end of the year. The project, which will use Paxos and Circle infrastructure, will serve 10,000 financial customers and 6 million merchants worldwide. The development comes as the US Congress is working on stablecoin regulations.
The latest move by Fiserv, one of the leading companies in the payment sector, shows that the traditional financial world’s interest in the cryptocurrency ecosystem continues to grow. The company’s CEO Takis Georgakopoulos explained that the project will provide customers with the flexibility they need in the evolving payment system.
Fiserv Enters Cryptocurrency World with FIUSD Stablecoin
Fiserv’s blockchain-based platform and FIUSD stablecoin will be integrated into the company’s existing banking infrastructure, which has been developed to serve nearly 10,000 financial clients and six million investors.
The company described FIUSD as “programmable money” that moves throughout the day and reduces barriers to traditional payment systems. Fiserv is also examining deposit tokens and other tokenized solutions to reduce capital burdens on financial institutions.
Developments in the US Congress make the timing of Fiserv’s move significant. The US Senate passed the bipartisan GENIUS Act last week and sent it to the House of Representatives for a final vote. The bill requires stablecoins to be backed one-to-one by cash or the Treasury, regular audits, and strict anti-money laundering controls.
President Donald Trump has urged the House of Representatives to quickly send the bill to his desk, while international giants such as Amazon and Walmart have also planned stablecoin initiatives as regulatory clarity matures in the United States.
Partnering with regulated firms like Circle would also give Fiserv an advantage in other jurisdictions. Europe already has stablecoin regulations under its Markets in Cryptoassets (MiCA) framework, but requires non-euro stablecoins to cap daily transfers at under €200 million.
