Fiserv to Launch Stablecoin for Banks

Fiserv has announced plans to enter the digital asset space with the launch of FIUSD, a new stablecoin designed specifically for financial institutions. The move comes amid growing interest from traditional banks in stablecoins, following increasing regulatory clarity in the U.S. Major players like JPMorgan Chase, Bank of America, and Santander are already exploring similar digital currency efforts.

FIUSD will be built using infrastructure from Paxos and Circle, two of the most established names in the stablecoin space. Unlike consumer-facing coins, FIUSD is aimed at streamlining payments and banking operations for Fiserv’s massive network, which includes 10,000 financial institutions and six million merchants, processing 90 billion transactions annually.

The stablecoin will be rolled out through existing Fiserv platforms at no added cost to clients and will be interoperable with other stablecoins, including PayPal’s PYUSD. A key selling point of FIUSD is its seamless integration into existing systems, offering instant scale for participating banks and fintechs.

In addition to FIUSD, Fiserv is exploring deposit tokens—a more capital-efficient alternative to stablecoins—to maintain liquidity and regulatory advantages for banks. The company’s move is seen as a significant step in mainstreaming blockchain-based financial services.

Takis Georgakopoulos, COO of Fiserv, said: “With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services.”

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