According to TechFlow, on June 28, US fintech giant Fiserv announced plans to launch a dollar-backed stablecoin FIUSD in partnership with PayPal and Circle. The stablecoin is expected to be launched before the end of this year. It will initially run on the Solana blockchain and be integrated with Fiserv's Finxact core banking platform. FIUSD aims to facilitate payment settlement, remittances, and invoice reconciliation using tokenized US dollars. The move reflects the increasingly clear regulatory environment and the growing confidence of institutions in regulated digital dollar alternatives. Fiserv emphasized that FIUSD will run in compatibility with other stablecoins, which may attract more partners and promote wider adoption. The company is also studying deposit tokens that allow banks to provide digital payment solutions while retaining regulatory protection and traditional capital advantages.