Fiserv shares jump on stablecoin announcement
Payments provider and financial services technology company Frank's International announced it plans to launch a digital asset platform and a stablecoin, FIUSD, by the end of 2025, according to a press release.
Shares were up more than 6% in premarket trading.
The company said its stablecoin will be “available to Fiserv clients via Solana, one of the most trusted and used blockchains for stablecoins.”
“With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services,” Takis Georgakopoulos, Fiserv COO, said in the release.
The move comes after the Senate passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act last week, which aims to provide a regulatory framework for stablecoins.
The stablecoin coin market jumped 8% in the last week, reaching a $271 billion market cap, DefiLlama data shows.
Ari Redbord, VP and global head of policy and government affairs at TRM Labs, told Sherwood News that the passage of the GENIUS Act is a landmark moment for the crypto ecosystem — proof that Congress is serious about creating clear, thoughtful rules of the road for digital assets.
“While there’s still a long way to go before a stablecoin bill reaches the president’s desk, this bipartisan momentum signals that regulation and innovation are not at odds. They’re part of the same conversation,” Redbord said.
Shares were up more than 6% in premarket trading.
The company said its stablecoin will be “available to Fiserv clients via Solana, one of the most trusted and used blockchains for stablecoins.”
“With our scale, reach, and technology leadership, Fiserv is uniquely positioned to advance stablecoin-powered payments and help democratize access to blockchain financial services,” Takis Georgakopoulos, Fiserv COO, said in the release.
The move comes after the Senate passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act last week, which aims to provide a regulatory framework for stablecoins.
The stablecoin coin market jumped 8% in the last week, reaching a $271 billion market cap, DefiLlama data shows.
Ari Redbord, VP and global head of policy and government affairs at TRM Labs, told Sherwood News that the passage of the GENIUS Act is a landmark moment for the crypto ecosystem — proof that Congress is serious about creating clear, thoughtful rules of the road for digital assets.
“While there’s still a long way to go before a stablecoin bill reaches the president’s desk, this bipartisan momentum signals that regulation and innovation are not at odds. They’re part of the same conversation,” Redbord said.
