Fiserv to launch FIUSD stablecoin on Solana by year-end

Fiserv, a Fortune 500 payments company, plans to launch a fiat-backed stablecoin, FIUSD, on Solana by year-end using Paxos and Circle infrastructure, according to The Block. Designed as “programmable money,” FIUSD will integrate into Fiserv’s banking systems to boost efficiency for its financial clients and merchants. The move comes as the U.S. nears federal stablecoin legislation.