It was only a matter of time before global payment titans got involved in the ongoing stablecoin revolution. The latest such titan to get involved is Fiserv, the New York Stock Exchange listed global leader in payments and financial technology. Today we look at what Fiserv’s new stablecoin FIUSD is, and what it means for the wider banking sector.
The move to unveil a new stablecoin dates from June 23, but the actual stablecoin itself won’t be in full use before the end of the year. When it does go live though, it will benefit Fiserv’s 10,000 financial institution clients and six million merchant locations. In an even more remarkable twist to the plot, the stablecoin will be available to Fiserv clients via Solana. Whilst Paxos and Circle Internet Group will help provide the infrastructure. All this at no extra cost to customers but leading to lightning speed payment processing times.
A Stablecoin Tailored for Banks
Integrated via a user-friendly Software Development Kit (SDK), FIUSD seamlessly connects with Fiserv’s customer-facing platforms, including Experience Digital and Commercial Center. It ensures compliance through built-in tools like fraud detection, risk management, and settlement controls.
Takis Georgakopoulos, Chief Operating Officer, Fiserv shared how “with our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services.”
There are more announcements coming up. This is just the first step for Fiserv. Could more payment titans join the stablecoin revolution in the coming months?
Author: Andy Samu
#Fiserv #StableCoin $FIUSD #NYSE #DigitalBanking #Payments
See Also:
“A Big Win for America”: How Stablecoins Could Prop Up the Bond Market | Disruption Banking
Wholesale CBDCs and Stablecoins: A Dual Future for Digital Finance | Disruption Banking
The Stablecoin Revolution Has a New Capital—and It’s Not in the U.S. | Disruption Banking
