Fiserv partners with PayPal and Circle to launch the USD stablecoin FIUSD, empowering global payments and banking services.

Gate News bot message, Financial Service technology company Fiserv ( market capitalization 95.546 billion USD ) announced a significant partnership to jointly launch its self-issued USD stablecoin FIUSD with payment giant PayPal and digital currency innovator Circle. This brand new stablecoin is scheduled for official release by the end of 2024.

FIUSD stablecoin will be first deployed on the high-performance Solana blockchain and deeply integrated with Fiserv's core banking platform Finxact. This move aims to leverage Fiserv's vast global network—connecting over 10,000 financial institutions and 6 million merchants—to significantly expand the coverage and application scenarios of Digital Money services (especially stablecoin payment solutions).

The core value of FIUSD is:

• Seamless Payment Settlement: Utilize tokenized USD to achieve faster and more efficient transactions.
• Efficient Remittance: Provides innovative ways for cross-border or domestic fund transfers.
• Simplified Invoice Reconciliation: Improve the financial operation efficiency of enterprises.

Fiserv is headquartered in Wisconsin, USA, with operations around the globe, focusing on providing comprehensive payment processing and Financial Technology solutions for financial institutions and merchants, covering key areas such as account processing, digital banking, and merchant services. The launch of FIUSD stablecoin marks an important step for Fiserv in promoting the integration of blockchain technology with traditional finance, innovating the payment settlement infrastructure.