Gate News bot news, according to a statement on June 23, major players in the global payment and Financial Service sector, Fiserv Inc., announced plans to launch a USD-pegged stablecoin FIUSD on the Solana Blockchain.
The Nasdaq-listed company stated that the stablecoin is built using the infrastructure of Paxos and Circle. It is expected to go live by the end of 2025 and will be integrated into its existing banking and payment infrastructure.
According to the announcement, FIUSD will operate within Fiserv's global network, which encompasses over 10,000 financial institutions and 6 million merchants.
The company stated that this will achieve instant scalability and rapid adoption, while providing customers with a reliable new channel for digital asset transfers.
Fiserv describes FIUSD as a compliance-friendly, interoperable tool that enhances traditional banking services. This digital asset features built-in functions such as fraud detection, risk control, and real-time settlement, and is expected to help financial institutions maintain oversight while adopting digital payment methods.
This release will also explore how deposit tokens can efficiently support stablecoin functionality with bank capital.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
The Nasdaq-listed company Fiserv will launch a USD-pegged stablecoin on Solana by the end of the year.
Gate News bot news, according to a statement on June 23, major players in the global payment and Financial Service sector, Fiserv Inc., announced plans to launch a USD-pegged stablecoin FIUSD on the Solana Blockchain.
The Nasdaq-listed company stated that the stablecoin is built using the infrastructure of Paxos and Circle. It is expected to go live by the end of 2025 and will be integrated into its existing banking and payment infrastructure.
According to the announcement, FIUSD will operate within Fiserv's global network, which encompasses over 10,000 financial institutions and 6 million merchants.
The company stated that this will achieve instant scalability and rapid adoption, while providing customers with a reliable new channel for digital asset transfers.
Fiserv describes FIUSD as a compliance-friendly, interoperable tool that enhances traditional banking services. This digital asset features built-in functions such as fraud detection, risk control, and real-time settlement, and is expected to help financial institutions maintain oversight while adopting digital payment methods.
This release will also explore how deposit tokens can efficiently support stablecoin functionality with bank capital.