Fiserv to launch new Fiserv digital asset platform, stablecoin

Fiserv (FI) announced plans to launch a new Fiserv digital asset platform, including a new stablecoin that will be added to Fiserv’s existing banking and payments infrastructure by the end of the year. FIUSD presents Fiserv customers with access to a new, more efficient, and interoperable digital asset service for their banking and payment flows. Offering FIUSD across the company’s global multi-sided network, which includes relationships with approximately 10,000 financial institution clients and six million merchant locations processing 90 billion transactions annually, will provide instant scale for FIUSD while creating a digital asset network that clients can use to build new products and services. Fiserv plans to enable FIUSD through existing Fiserv technology at no additional cost to clients.