Fiserv Enters Web3 with FIUSD Stablecoin Launch on Solana, Taps Paxos, Circle, and PayPal

Fiserv, a Fortune 500 fintech giant processing 90 billion transactions annually, announced on June 23, the launch of FIUSD, a U.S. dollar-pegged stablecoin, set to debut on the Solana blockchain by year-end.

Built using infrastructure from Paxos and Circle, FIUSD aims to serve 10,000 financial institutions and six million merchants across Fiserv’s network. The stablecoin integrates with Fiserv’s banking stack, enabling 24/7 settlement without requiring system overhauls.

Takis Georgakopoulos, Fiserv’s COO, emphasized, “With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services”.

This regulatory clarity has fueled institutional enthusiasm, reflected in Fiserv’s stock ($FI) surging 6.13% to a high of nearly $173 on June 23, with shares breaking through $177 by June 24, marking an 8.59% rise since the announcement and Circle’s stock ($CRCL) surging over 700% since its June 2025 IPO.

PayPal Partnership Powers FIUSD’s Global Reach

Fiserv’s FIUSD stablecoin will interoperate with PayPal’s PYUSD, enabling seamless domestic and cross-border payments for merchants and financial institutions .

This expanded partnership with PayPal, announced on June 23, 2025, allows businesses using Fiserv’s payment processing to accept PYUSD alongside FIUSD, streamlining transactions across PayPal’s global network of over 400 million active accounts. The collaboration leverages PayPal’s infrastructure to enhance FIUSD’s scalability, enabling real-time settlements for merchants and banks.

Beyond payments, Fiserv is exploring deposit tokens and additional partnerships to expand FIUSD’s use cases, including treasury management, lending, and supply chain finance. The PayPal partnership also introduces joint merchant onboarding programs, allowing businesses to integrate both stablecoins into existing checkout systems with minimal friction.

Stablecoins Reshape Finance Amid Regulatory Shifts

The launch underscores a broader shift among traditional financial institutions toward blockchain adoption, spurred by global frameworks like Europe’s MiCA and the GENIUS Act’s potential House approval under President Trump’s support. FIUSD’s “bank-friendly” design, requiring no additional costs for integration, positions Fiserv to capture a share of the growing digital dollar market.

However, challenges remain, including potential regulatory delays if the GENIUS Act stalls in the House and operational hurdles in scaling blockchain payments. Despite these risks, Fiserv’s move signals confidence in stablecoins as a transformative force in fintech.

FIUSD, with built-in compliance and risk monitoring aligning with regulatory demands and appealing to risk-averse financial institutions, is poised to bridge traditional finance and blockchain innovation.