Fiserv Announces Plans to Launch Stablecoin FIUSD

Source
Son Min

Summary

  • Fiserv announced plans to launch the stablecoin FIUSD on the Solana platform within this year.
  • It stated that FIUSD will be integrated into Fiserv's banking and payment infrastructure.
  • Fiserv reported forming a partnership with PayPal Dollar (PYUSD) to pursue expansion in the stablecoin payments market.

Fiserv, a Fortune 500 payments company, announced its plan to launch the stablecoin FIUSD within this year.

On the 23rd (local time), Fiserv stated on its official website, "Fiserv plans to launch FIUSD by the end of the year," and added, "FIUSD will be integrated into Fiserv's banking and payment infrastructure." FIUSD will be launched based on Solana (SOL).

Additionally, it announced a partnership with PayPal Dollar (PYUSD). The strategy is to combine the global influence of Fiserv and PayPal to establish a foundation for expanding the stablecoin payments market.

Takis Georgakopoulos, Chief Operating Officer (COO) of Fiserv, said, "FIUSD will enable customers to make payments leveraging future finance," and added, "Through the collaboration with PayPal, we will expand stablecoin-based payments and provide more options."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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