Fiserv, a payments and fintech giant, has launched a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called FIUSD. This new offering promises to integrate seamlessly into Fiserv’s extensive global network, which processes 90 billion transactions annually across 10,000 financial institutions and 6 million merchant locations. FIUSD is designed to enable financial institutions to adopt stablecoin payments without overhauling systems or incurring additional fees.
The stablecoin will operate using infrastructure from Paxos and Circle. “Fiserv is a global powerhouse in commerce, and Circle is a global fintech firm and stablecoin market leader,” said Heath Tarbert, President at Circle. “Together, we will work to unlock the next frontier of money movement — embedding stablecoins into everyday commerce and making money move as easily, reliably, and instantly as sending an email.”
The introduction of FIUSD positions Fiserv as one of the first major payment infrastructure providers to offer stablecoin tools at scale.
This could transform how banks and merchants settle transactions, send remittances, or offer 24/7 digital dollars to customers.
fiserv introduces FIUSD stablecoin platform
Fiserv’s stablecoin will also be compatible with the Solana blockchain, known for its speed and low transaction costs.
Fiserv’s long-term goal is to ensure FIUSD works seamlessly with other major stablecoins and eventually offer a version that helps banks move money more efficiently under existing regulations. The platform is built to meet the needs of traditional financial institutions, complete with features like fraud monitoring, risk controls, and settlement compliance. “FIUSD is designed with our clients in mind, a financial institution-friendly coin that simplifies stablecoin access through a secure and scalable ecosystem,” said Sunil Sachdev, head of embedded finance at Fiserv.
Fiserv’s cloud-native Finxact platform will serve as the underlying ledger for FIUSD. The launch comes at a time when Congress is showing increased acceptance of stablecoins, as evidenced by recent legislative developments. This positions Fiserv and its new offering at the forefront of the evolving financial landscape.
