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Payments giant Fiserv is set to launch its own fiat-backed stablecoin, FIUSD, on the Solana blockchain by the end of 2025. This move aims to revolutionize real-time, 24/7 settlement across its vast global network of nearly 10,000 financial institutions and over six million merchants.
FIUSD will leverage infrastructure developed by prominent stablecoin players Paxos and Circle, and will be deeply integrated into Fiserv’s core banking stack. Fiserv envisions FIUSD as “programmable money” designed to overcome the inefficiencies inherent in traditional legacy payment systems, enabling instant clearing of transactions. Alongside this, Fiserv is also exploring tokenized deposit products, which could help banks reduce capital charges.
Takis Georgakopoulos, Fiserv’s Chief Operating Officer, stated that “Together with our cloud-native platforms, we believe FIUSD can give clients the speed and flexibility they need in today’s banking and payments environment.”
The announcement comes as the United States inches closer to comprehensive federal stablecoin legislation. The Senate recently passed the bipartisan “Guiding and Establishing National Innovation for U.S. Stablecoins Act,” or “GENIUS Act,” which now awaits a House vote. This bill would mandate that stablecoins be fully backed by cash or Treasuries, undergo regular audits, and adhere to stringent anti-money laundering regulations. President Donald Trump has publicly supported the legislation, urging its swift passage. His administration has shown a more pro-crypto stance, encouraging blockchain-based payments and digital asset innovation in the U.S.
Fiserv’s proactive entry into the stablecoin market, especially with other major companies like Amazon and Walmart reportedly exploring similar initiatives, could give it a significant advantage as regulatory clarity solidifies both domestically and internationally.
In Europe, stablecoins fall under the Markets in Crypto-Assets (MiCA) framework. This framework imposes restrictions on the use of non-euro stablecoins for daily transactions, capping it at €200 million per day for usage “as a means of exchange within a single currency area.” However, Fiserv’s collaboration with licensed issuers like Circle, whose USDC stablecoin is already MiCA-compliant, may help Fiserv navigate and meet compliance standards across both the U.S. and European markets.
Stablecoins are increasingly bridging the gap between traditional finance and the crypto world, attracting interest from banks, fintech firms, and retailers alike. The expansion of stablecoins like Circle’s USDC onto networks such as the XRP Ledger and its planned use for futures trading collateral at Coinbase Derivatives by 2026 demonstrates their growing utility and reach beyond their initial crypto-native applications.

Video courtesy of CSOB

Video courtesy of CSOB