- Fiserv (FI, Financial) and PayPal (PYPL) are collaborating to enhance the adoption of stablecoins in global payments.
- The partnership will focus on interoperability between FIUSD and PayPal USD (PYUSD) for seamless transactions.
- Approval from the New York State Department of Financial Services (NYDFS) is pending for any new product or service launch.
Fiserv, Inc. (FI) and PayPal Holdings, Inc. (PYPL) have announced an expansion of their partnership aimed at advancing stablecoin payments. This collaboration seeks to enable seamless interoperability between Fiserv's anticipated FIUSD stablecoin and PayPal USD (PYUSD), facilitating effortless domestic and international fund transfers.
The strategic partnership leverages Fiserv's and PayPal's extensive global reach across banking, consumer, and merchant payments. The synergistic effort focuses on integrating stablecoins into payment flows, including cross-border transactions, payouts, and merchant solutions, thereby addressing common business challenges such as slow fund transfers, inflation, and currency fluctuation issues through blockchain technology.
Fiserv is set to develop and launch FIUSD, a bank-friendly stablecoin designed to provide next-generation banking solutions. Meanwhile, PayPal USD, launched in 2023, has already seen successful applications in funding startups and cross-border transfers.
Notably, any new product or service requires approval from the New York State Department of Financial Services (NYDFS). As of June 23, 2025, such approvals have not yet been secured. Both Fiserv and PayPal emphasize that digital asset transactions, including those involving PYUSD, are subject to regulatory frameworks which may evolve, impacting the availability and legality of these services in various jurisdictions.
