Fiserv to Launch Stablecoin with Support from Banks, Paxos, and Circle AllinCrypto June 24, 2025
Fiserv, a global leader in financial technology and payments, has announced plans to launch its own stablecoin in partnership with major banks and blockchain firms.
The move positions Fiserv at the forefront of digital asset innovation as it works to create tokenized deposits and blockchain-based payment solutions.
Fiserv’s Strategic Partnerships with Paxos and Circle
To support the stablecoin initiative, Fiserv is collaborating with Paxos, the company behind PayPal USD (PYUSD) and Pax Dollar (USDP), and Circle, the issuer of USDC. Both firms are leading providers of regulated, U.S. dollar-backed stablecoins with global usage.
The planned stablecoin will be deployed on the Solana blockchain, known for its high speed and low transaction costs.
Fiserv’s goal is to ensure interoperability and global utility, aligning with growing interest from banks and institutions as stablecoin adoption accelerates, particularly ahead of the anticipated GENIUS Act.
Fiserv’s Expands Role in Digital Payments
Fiserv currently generates more than $20 billion in annual revenue and serves both enterprises and small businesses across the US, providing integrated payment and banking solutions.
Its stablecoin initiative is part of a broader strategy to modernize payments and make blockchain technology accessible to mainstream financial institutions.
According to Takis Georgakopoulos, Chief Operating Officer at Fiserv:
“With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services.
We believe FIUSD will provide our clients with the efficiency and optionality they need to thrive in the evolving banking and payments ecosystem.”
Industry Momentum for Stablecoin Adoption
Fiserv’s stablecoin entry comes amid growing interest from other major corporations. Companies such as Amazon and Walmart have reportedly explored the creation of their own branded stablecoins, which could be used for employee benefits and customer rewards.
US Treasury Secretary Scott Besennt has also voiced support for stablecoin integration, citing the potential to unlock trillions in tokenized assets. These developments could further strengthen the global role of the U.S. dollar and offer new tools for managing national debt and treasuries.
Meanwhile, Europe has taken a different route, prioritizing the development of a central bank digital currency (CBDC). European Central Bank President Christine Lagarde has urged lawmakers to accelerate efforts on the digital Euro.
However, critics like Arnoud Star Busmann, CEO of Quantoz (issuers of EURD, EURQ, and USDQ), argue that CBDCs lack the scalability and the advantages of decentralized stablecoins.
While the U.S. and Asia embrace tokenized assets to enhance fiat currency systems, Europe’s CBDC strategy represents a more centralized, government-controlled model. Notably, President Trump previously vowed to block any federal CBDC, contrasting with the current administration’s openness to stablecoin innovation.
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