Fiserv partners with PayPal and Circle to launch the dollar stablecoin FIUSD

ChainCatcher news, according to Catenaa, American fintech giant Fiserv has announced plans to collaborate with PayPal and Circle to launch a dollar-backed stablecoin FIUSD. The stablecoin is expected to be launched by the end of this year, initially operating on the Solana blockchain and integrated with Fiserv's Finxact core banking platform. FIUSD aims to facilitate payment settlements, remittances, and invoice reconciliation using tokenized dollars.

Fiserv emphasizes that FIUSD will operate in compatibility with other stablecoins, potentially attracting more partners and promoting broader adoption. The company is also exploring deposit tokens that allow banks to offer digital payment solutions while retaining regulatory protections and traditional capital advantages.