Fortune 500 firm Fiserv to launch stablecoin on Solana using Paxos and Circle infrastructure

Payments company Fiserv will launch a digital-asset platform and a new fiat-pegged stablecoin, called FIUSD, by the end of the year, the company announced on Monday.

Fiserv calls FIUSD “programmable money” that moves around the clock, cutting friction on legacy rails. The company is also studying deposit tokens and other tokenized products to cut capital charges for lenders.

Built using infrastructure from Paxos and Circle, the stablecoin will debut on Solana and slot into Fiserv’s core banking stack, which caters to almost 10,000 financial clients and six million merchants worldwide, according to its official website.

“Together with our other cloud-native banking and merchant platforms, we believe FIUSD will provide our clients with the efficiency and optionality they need to thrive in the evolving banking and payments ecosystem,” said CEO Takis Georgakopoulos in a statement.

Fiserv moves as Washington edges toward the first federal stablecoin law. The U.S. Senate passed the bipartisan GENIUS Act last week, sending it to the House for a final vote. The bill requires 1-for-1 cash or Treasury backing, regular audits, and stringent anti-money laundering controls. President Donald Trump urged the House to swiftly advance the bill to his desk for signing. Several multinationals, including Amazon and Walmart, have also planned stablecoin launches as regulatory clarity matured in the United States.

Partnering with firms like Circle would also give Fiserv an edge in other jurisdictions. Europe already has stablecoin rules under the MiCA framework, although it requires non-euro stablecoins to limit daily transfers to below 200 million euros. Still, Fiserv's alignment with regulated issuers such as Circle could help the firm navigate both regimes.