Fintech Firm Fiserv recently announced its plans to launch its USD-backed stablecoin, FIUSD.
According to the announcement, Fiserv plans to team up with PayPal and Circle to power this stablecoin initiative. The firm added that launching FIUSD would aid the expansion of digital asset services across its payments and banking network.
Fiserv Announces Plans To Launch FIUSD, A USD-backed Stablecoin
Last Monday, June 23, 2025, one of the US biggest fintech companies, Fiserv, announced that it would soon launch its stablecoin, FIUSD, backed by US Dollars.
Fiserv revealed that it would tap into the infrastructure provided by Paxos and Circle to launch FIUSD by the end of the year.
According to the firm, the stablecoin will initially run on the Solana network. FIUSD will also integrate with Fiserv’s existing digital platforms, which include the Finxact core banking engine.
Fiserv made this move shortly after the US Senate passed it’s long-awaited “GENIUS Act” stablecoin legislation with a 68-30 vote.
As earlier reported, the US Senate passed the GENIUS Act last week Tuesday, signaling growing institutional confidence in regulated USD-backed stablecoin.
The GENIUS Act is a landmark stablecoin bill that set in place necessary guidelines for USD-pegged stablecoins, and is expected to head to the House soon for further consideration.
With stablecoins regulation gaining impulse in the US, the launch of FIUSD positions Fiserv as one of the first major fintech providers to integrate tokenized USD into its core system.
The US is not alone in the stablecoins regulation race. Hong Kong also has been at the forefront of developing stablecoin regulations since May.
Recently, the Hong Kong government published a notice to enforce strict regulations for stablecoins, effective from August 1, 2025.
Fiserv Partners With PayPal For Cross-border Payment Solutions
With FIUSD, Fiserv aims to offer new ways to settle payments to both merchants and financial institutions. The firm also mentioned that it would aid invoice reconciliation and support remittances using tokenized dollars.
Fiserv will partner with PayPal to power this stablecoin initiative. The partnership involves exploring the joint use of PayPal’s stablecoin (PYUSD) and FIUSD for merchant payment solutions and cross-border transfers.
PYUSD, which was launched in 2023, is already in use for vendor settlement and Xoom’s remittance service.
Fiserv To Leverage Its Large Client Network To Scale FIUSD’s Adoption
Currently, Fiserv has more than 6M merchants and 10,000 financial institutions in its client network. This is a broad network on which Fiserv’s stablecoin strategy is built.
According to Fiserv, this stablecoin is designed to work seamlessly with other stablecoins, aiding the attraction of more partners over time.
Apart from FIUSD, Fiserv is also exploring support for deposit tokens. With the deposit tokens, banks would be able to offer digital payment solutions to customers while still enjoying the capital advantages of traditional deposits and maintaining regulatory protections.
Immediately after the announcement, the shares of Wisconsin-based Fiserv increased by about 5%, reflecting investors’ confidence in the firm’s move into regulated digital asset infrastructure.
