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Fiserv announces plan to collaborate with Circle and PayPal to launch stablecoin
Summary: Financial technology company Fiserv (FI.N) announced on Monday its plan to launch the stablecoin FIUSD by the end of the year, integrating it into existing banking and payment infrastructure. FIUSD will operate on stablecoin infrastructure provided by Paxos and Circle Internet (CRCL.N). Brokerage firms point out that the timing of Fiserv's stablecoin launch is quite ...
Financial technology company Fiserv (FI.N) announced on Monday its plan to launch the stablecoin FIUSD by the end of the year, integrating it into existing banking and payment infrastructure. FIUSD will operate on stablecoin infrastructure provided by Paxos and Circle Internet (CRCL.N). Brokerage firms point out that the timing of Fiserv's stablecoin launch is quite appropriate with the expected passage of the 'GENIUS Act'. Additionally, Fiserv has partnered with PayPal (PYPL.O) to achieve interoperability between FIUSD and PayPal USD (PYUSD), allowing consumers and businesses to transfer funds domestically and internationally more conveniently.
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