Fiserv Launches FIUSD Stablecoin Platform in Partnership with Circle and Solana
Fiserv is launching a stablecoin, FIUSD, backed by Solana and Circle Internet Group. This development signifies a shift in traditional finance towards blockchain-based payments.
- Fiserv processes over 90 billion transactions annually.
- The stablecoin will be offered to 10,000 financial institutions and 6 million merchants.
- Partnerships with Circle and Paxos will support FIUSD on Solana, enhancing speed and scalability.
- Collaboration with PayPal aims for interoperability between FIUSD and PYUSD.
- Chief Operating Officer Takis Georgakopoulos emphasizes democratizing access to digital payments.
- The launch aligns with the GENIUS Act, which seeks to regulate stablecoins pegged to the U.S. dollar.
- Circle's recent IPO has increased its market position, benefiting from institutional adoption of compliant stablecoin frameworks.
In stock performance, Fiserv is trading around $167.54, recovering above key Fibonacci support at $158.57. Resistance levels are identified at $173.85 and $189.13, while potential downside could reach $136.82 if it fails to maintain above the trendline near $158.