Payments
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June 25, 2025
Fiserv Inc. has announced a digital asset platform and a FIUSD stablecoin.
The stablecoin will be offered across its network of more than 10,000 financial institutions and six million merchants, according to a press release.
The company will utilize Paxos and Circle Internet Group Inc. for the stablecoin infrastructure and Solana as the blockchain. FIUSD will also feature fraud monitoring, risk management and settlement controls.
“FIUSD is designed with our clients in mind, a financial institution-friendly coin that simplifies stablecoin access through a secure and scalable ecosystem,” Sunil Sachdev, head of embedded finance at Fiserv, said in the release. “We are excited to begin collaborating with our clients, partners, and other ecosystem players to create modernized financial experiences.”
The digital asset platform will use Finxact core processing as the ledger along with other payments and banking platforms for a full fiat ecosystem.
“As the most regulated stablecoin provider with a proven track record at enterprise scale, our industry-leading platform — combined with Fiserv’s extensive network — will enable instant, borderless, and compliant payment solutions for banks and institutions worldwide,” Walter Hessert, head of strategy at Paxos, said in the release. “This partnership clearly demonstrates how Paxos’s stablecoin infrastructure is becoming the foundation for modern financial services, advancing our shared mission to deliver open, compliant digital financial tools to institutions and users everywhere.”
