Fiserv Inc., an important player in worldwide payments and financial services, has unveiled plans to launch a USD-Pegged Stablecoin called Fiusd on the Solana Blockchain, according to a June 23 June rack.
The Nasdaq-listed company stated that the Stablecoin was built with the help of infrastructure of paxos and circle. It is expected that it will go live at the end of 2025 and will be integrated into the existing banking and payment infrastructure.
According to the announcement, FiusD will be active in the worldwide network of Fiserv, which includes more than 10,000 financial institutions and six million traders. The company says that this makes immediate scalability and fast acceptance possible and offers customers a reliable new channel for digital assets transfers.
Fiserv describes Fiusd as a compliance -friendly, interoperable tool for improving traditional banking services.
The digital active functions has built-in functions such as fraud detection, risk management and real-time settlement, which is expected to help financial institutions to supervise during the adoption of digital payment rails.
The launch will also investigate how DepositOpens Stablecoin functions can support for banks in a capital-efficient way.
Takis Georgakopoulos, the Chief Operating Officer at Fiserv, said:
“With our scale, reach and technology leadership, Fiserv is uniquely positioned to promote driven payments by Stablecoin and help to democratize access to blockchain-financing services. Together with our other Cloud-Native Banking and Koopman platforms, we will believe that they will bid our customers in the efficeration and optionalality and optionalism Payments ecosystem. “
Partnership with Circle
As part of the rollout, Fiserv works together with Circle, the issue of USDC, to strengthen the back-end infrastructure of the Fiusd Stablecoin initiative.
Through this collaboration, Fiserv wants to expand access to Circle’s regulated Stablecoin ecosystem, making real-time arrangement possible and extends worldwide payment options in its user base.
With this step, financial institutions and sellers within the Fiserv ecosystem can tap into the network of Circle for cross-border and domestic transactions. The infrastructure of Circle will bridge traditional finances and internet-native payments, which means that cheap, fast settlement delivers via Fiusd.
Jeremy Allaire, Circle’s CEO, said:
“Fiserv is a trusted leader in making money movement possible in the financial ecosystem. By integrating with the infrastructure of Circle, Fiserv is positioned to extend the benefits of payments -based payments and open internet financing to thousands of financial institutions.”
