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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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The Fortune 500 company Fiserv will launch a stablecoin on Solana using the infrastructure of Paxos and Circle.
Payment company Fiserv will launch a digital asset platform and fiat-backed stablecoin named FIUSD by the end of this year. FIUSD is referred to as "programmable money", trades 24/7, helps reduce costs and increase payment efficiency. This stablecoin utilizes the infrastructure of Paxos and Circle, will operate on the Solana blockchain, and integrate into Fiserv's core banking system – serving nearly 10,000 financial institutions and 6 million merchants globally.
This move comes as the US prepares to pass the first stablecoin regulation law – the GENIUS Act – requiring 1:1 backing and strict auditing. The partnership with Circle also helps Fiserv adapt to regulations in Europe under the MiCA framework. Amazon and Walmart are also planning to launch stablecoins, indicating that this market is entering a phase of strong development.