Fiserv has launched FIUSD stablecoin and digital asset platform to provide more efficient services to its network of financial institutions and merchants.
Key features of FIUSD include integration into Fiserv's technology for scalability, technology partners Paxos and Circle, and a bank-friendly design with compliance features.
Fiserv is exploring deposit tokens for banks and seeking partnerships to expand stablecoin and tokenized deposit use cases.
Partnerships with PayPal aim to create interoperability between FIUSD and PayPal USD for seamless transactions domestically and internationally.
The launch of FIUSD is strategic, aiming to modernize money movement, offer 24/7 settlement, streamline processes, and increase efficiency.