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Fiserv debuts bank-friendly stablecoin as fintechs join digital dollar race
Fiserv is making a big entrance into the stablecoin market. The payments and fintech giant announced on Monday plans to roll out a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called FIUSD — a product it hopes will bring thousands of banks and millions of merchants into the crypto economy by year’s end. The new offering is designed to plug directly into Fiserv’s sprawling global network, which already processes 90 billion transactions a year across 10,000 financial institutions and 6 million merchant locations. By baking stablecoin support into its existing banking and ... (full story)
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