FIS and Fiserv have teamed up with Circle to promote the full integration of USDC and FIUSD stablecoin into the banking system.

Financial technology giants FIS and Fiserv have both announced partnerships with Circle Internet Group, aiming to integrate the stablecoin USDC and the newly launched FIUSD into existing banking systems. FIS plans to incorporate USDC into its Money Movement Hub within the year, providing local and international stablecoin payment services for banking clients. Meanwhile, Fiserv has teamed up with PayPal and Paxos to launch the FIUSD stablecoin and provide digital asset service support to over 10,000 banks and six million merchants through the Solana network and Finxact core platform. These two partnerships mark the transition of stablecoins from the periphery to the core of financial services.

FIS integrates USDC into the payment core system, services will be launched by the end of the year FIS, headquartered in Jacksonville, Florida, announced that it will integrate USDC into its "Money Movement Hub" payment platform. This platform supports banks' access to various payment networks, and in the future, users will be able to make local and international transfers using USDC. Himal Makwana, FIS's Global Head of Enterprise Strategy, stated that stablecoins are no longer a fringe tool, but rather the infrastructure of Financial Service that can address the real pain points of customers.

FIS will integrate its real-time trading and anti-fraud monitoring services with Circle's decentralized architecture to provide banks with secure, efficient, and compliant stablecoin solutions. Jim Johnson, Co-President of FIS Banking Solutions, stated that this collaboration will help financial companies accelerate transactions, reduce costs, and enhance security.

FIS processes an annual transaction volume of $10 trillion, Circle gains important distribution channels This collaboration is of great significance to Circle. As a global payment hub, FIS processes over $10 trillion in transactions annually, which will greatly expand the penetration of USDC in the banking system. Circle's Chief Business Officer, Kash Razzaghi, noted that with FIS's trust base among financial institutions, this collaboration will drive the widespread distribution and use of USDC.

Fiserv partners with Circle and PayPal to launch FIUSD stablecoin Another financial giant, Fiserv, is also accelerating its layout in the stablecoin field. In June of this year, Fiserv announced a partnership with Circle and PayPal to launch the stablecoin FIUSD, which is expected to be open to users by the end of 2025. FIUSD will be built on the stablecoin framework of Paxos and Circle and will operate through the Solana network, supporting interoperability with other stablecoins and reserving space for future ecological cooperation.

Fiserv provides services to over 10,000 banks and six million merchants. This stablecoin solution leverages its vast banking system for rapid deployment. Its newly launched Finxact core banking platform will support stablecoin transaction records, wallet integration, and other features, facilitating bank applications to be compatible with Web3.

FIUSD will integrate traditional bank accounts, bringing Web3 capabilities to small financial institutions Takis Georgakopoulos, Chief Operating Officer of Fiserv, pointed out that having a "digital dollar" is not enough; the key is how to access it through bank accounts. The project's goal is to help thousands of small and medium-sized banks and credit unions quickly achieve integration of stablecoin wallets and accounts, thereby lowering the barriers to cryptocurrency technology.

He also emphasized that if banks fail to adapt to the trends in crypto finance, they may lose a large number of customers. The company is also researching how to support "Deposit Tokens" while maintaining regulatory compliance and capital advantages, to provide the real-time settlement and efficiency benefits brought by stablecoins.

Conclusion: With FIS collaborating with Fiserv to advance the bank-level integration of USDC and FIUSD stablecoins, stablecoins are moving from the crypto space to the core of the traditional financial system. This not only helps enhance transaction efficiency and transparency but also accelerates the integration of Web3 and banking services.