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Fiserv, a global provider of payments and financial services technology, has announced plans to launch a new digital asset platform featuring a stablecoin named FIUSD. The stablecoin is set to be integrated into Fiserv’s existing banking and payments infrastructure by the end of the year.
According to the company, FIUSD will offer financial institutions access to an efficient and interoperable digital asset service for their banking and payment flows. The coin will be available across Fiserv’s global network, which encompasses relationships with around 10,000 financial institution clients and six million merchant locations, processing 90 billion transactions annually. Fiserv intends to enable FIUSD through its existing technology at no additional cost to clients.
The infrastructure supporting FIUSD will be provided by Paxos and Circle Internet Group, with the aim of making it interoperable with several leading stablecoins. FIUSD will be available to Fiserv clients via the Solana blockchain, which is widely used for stablecoin transactions. The company is also exploring the use of deposit tokens to retain the benefits of stablecoins within a structure that is more capital-friendly for banks. Fiserv is engaged in discussions with other potential partners to expand use cases for stablecoins and tokenised deposits, both in the United States and internationally.
Takis Georgakopoulos, COO, Fiserv
Takis Georgakopoulos, Chief Operating Officer, Fiserv, said:
“Through our privileged position as a trusted infrastructure provider to financial institutions, merchants, and their customers worldwide, we are relentlessly focused on delivering state-of-the-art innovation, efficiency, and choice to all of our partners. With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratise access to blockchain financial services. Together with our other cloud-native banking and merchant platforms, we believe FIUSD will provide our clients with the efficiency and optionality they need to thrive in the evolving banking and payments ecosystem.”
The company highlights that stablecoins and tokenised deposits are expected to see rapid expansion in traditional banking and payments, due to their ability to settle transactions 24/7, streamline processes, and increase efficiency, especially in scenarios where existing options may be limited.
Walter Hessert, Head of Strategy at Paxos
Walter Hessert, Head of Strategy at Paxos, commented:
“Paxos is excited to partner with Fiserv to power FIUSD with our proven, globally regulated stablecoin issuance and payments platform. As the most regulated stablecoin provider with a proven track record at enterprise scale, our industry-leading platform—combined with Fiserv’s extensive network—will enable instant, borderless, and compliant payment solutions for banks and institutions worldwide. This partnership clearly demonstrates how Paxos’s stablecoin infrastructure is becoming the foundation for modern financial services, advancing our shared mission to deliver open, compliant digital financial tools to institutions and users everywhere.”
Heath Tarbert, President at Circle
Heath Tarbert, President at Circle, added:
“Fiserv is a global powerhouse in commerce, and Circle is a global fintech firm and stablecoin market leader. 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.”
FIUSD will be delivered through an easy-to-integrate Software Development Kit (SDK), fitting into existing Fiserv customer-facing platforms such as Experience Digital and Commercial Center. Compliance features, including fraud monitoring, risk management, and settlement controls, are built in. The digital asset platform will leverage Fiserv’s Finxact core processing platform as the underlying ledger, connecting to the firm’s latest cloud-native orchestration, payments, and banking platforms, thereby creating an interoperable fiat and digital ecosystem.
Sunil Sachdev, Head of Embedded Finance at Fiserv
Sunil Sachdev, Head of Embedded Finance at Fiserv, said:
“FIUSD is designed with our clients in mind, a financial institution-friendly coin that simplifies stablecoin access through a secure and scalable ecosystem. We are excited to begin collaborating with our clients, partners, and other ecosystem players to create modernised financial experiences.”
The launch of FIUSD marks the first in a series of announcements Fiserv plans to make regarding its new digital asset platform. The move comes as stablecoins gain traction in the financial sector, with regulatory developments and industry partnerships accelerating their adoption.
