Overview

• Fiserv plans to launch a Solana-based stablecoin, FIUSD, alongside a digital asset platform for its 10,000 financial institution clients and 6 million merchant locations by the end of 2025
• FIUSD will use backend services from Paxos and Circle and feature built-in compliance, fraud detection and risk monitoring designed for traditional banks
• A new partnership with PayPal will enable interoperability between FIUSD and PayPal USD (PYUSD) to streamline domestic and cross-border stablecoin transfers
• The U.S. Senate’s passage of the GENIUS Act establishes the first federal regulatory framework for stablecoins, encouraging broader institutional adoption of tokenized dollars
• The stablecoin market has grown to a $271 billion market cap, underscoring rising demand for digital dollars in settlements and global payments