Fiserv and PayPal Partner to Enhance Stablecoin Interoperability

Fiserv Inc. and PayPal Holdings Inc. have announced a strategic partnership to establish interoperability between their respective stablecoins, FIUSD and PayPal USD (PYUSD). The collaboration aims to facilitate seamless domestic and international fund transfers for consumers and businesses, leveraging the companies' extensive networks in banking and merchant payments.

The initiative seeks to address longstanding challenges in payment processing, including delays, inflation sensitivity, and currency volatility. By integrating blockchain technology, the partners aim to enable faster, 24/7 transactions across borders, payouts, and merchant solutions.

"This expanded relationship accelerates our mission to scale stablecoin-powered payments," said Fiserv COO Takis Georgakopoulos. The MOVE positions Fiserv's network of 3,000 regional banks alongside PayPal's global consumer and merchant base as potential adoption drivers for programmable payments.