TechFlow, June 28 — According to Catenaa, U.S. fintech giant Fiserv announced plans to collaborate with PayPal and Circle to launch FIUSD, a dollar-backed stablecoin.
The stablecoin is expected to launch 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.
This move follows the recent passage of stablecoin legislation in the U.S. Senate, reflecting increasing regulatory clarity and growing institutional confidence in regulated digital dollar alternatives.
Fiserv emphasized that FIUSD will operate compatibly with other stablecoins, potentially attracting more partners and driving broader adoption. The company is also exploring deposit tokens, enabling banks to offer digital payment solutions while maintaining regulatory safeguards and traditional capital advantages.
