BlockBeats News, June 28th, Financial services company Fiserv announced that it will collaborate with PayPal and Circle to launch its proprietary USD-backed stablecoin FIUSD. The token is expected to be officially launched by the end of the year, initially operating on the Solana blockchain and integrated with Fiserv's core banking platform Finxact.
This collaboration aims to leverage Fiserv's extensive network—which includes over 10,000 financial institutions and 6 million merchants—to expand the coverage of digital asset services. The design goal of FIUSD is to achieve seamless payment settlement, remittance, and invoice reconciliation through tokenized US dollars.
Fiserv is a financial services technology company with a market capitalization of $95.546 billion. It focuses on providing payment and financial technology solutions to financial institutions and merchants. It offers a range of products and services, including account processing, digital banking, payment processing, merchant services, and various technology solutions that support the operations of financial institutions and merchants. Fiserv is headquartered in Wisconsin, USA, with a global presence.
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