Fiserv, FIUSD stablecoin launch announcement…Solana-based release within the year

Fiserv, a Fortune 500 company and a global payment solution company in America, plans to launch its own stablecoin 'FIUSD' within the year. This project will be conducted on Solana blockchain, which has high-speed processing performance, based on the technical infrastructure of Paxos and Circle.

FIUSD is attracting attention as a case where traditional financial companies are officially entering blockchain-based digital payment infrastructure. Fiserv, a global company operating financial institution and store payment systems, plans to drastically improve transaction speed and cost through FIUSD.

In the industry, it is believed that the U.S. stablecoin regulation law 'GENIUS Law' having a clear institutional foundation prepared after passing the Senate had a decisive effect on this move. The trend is breaking down the boundaries between existing banks and fintech, and the expansion of real use of dollar-based digital assets is beginning in earnest.