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Financial giant Fiserv will launch the USD stablecoin FIUSD on the Solana chain.
Fiserv, a Fortune 500 fintech company, announced that it will join forces with Circle, Paxos and PayPal to launch the US dollar stablecoin FIUSD on the Solana chain and launch its digital asset platform. The platform plans to cover 10,000 financial institutions and 6 million merchants, support interoperability with PayPal USD (PYUSD), and promote cross-border payment and settlement efficiency. Fiserv said that FIUSD will be a compliant and bank-friendly payment infrastructure that supports the operation of the existing financial system, reflecting the accelerated embrace of stablecoins and blockchain technology by traditional financial institutions.