Fiserv plans to launch a digital asset platform and a stablecoin, FIUSD, later this year. It is partnering with stablecoin issuer Paxos and Circle for the technology, which will launch on the Solana blockchain. Additionally, it announced a collaboration with PayPal to make their two stablecoins interoperable.
Fiserv is a major payments firm with more than $19 billion in revenues and also provides banking systems to around 3,000 regional banks in the US. It serves 10,000 financial institutions and six million merchants.
Apart from stablecoins it plans to work with banks on deposit tokens.
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