Fiserv USD (FIUSD) — Pre-Launch Stablecoin
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Platform live; INDX cash settlement launched Feb 2026; StoneCastle acquired; Roughrider pilot approved by ND IC; bank onboarding continues
Fiserv USD
FIUSD
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- CeFi-Dependent
- Peg Currency
- US Dollar
- Jurisdiction
- United States
Launch Timeline
Activity Timeline
INDX real-time cash settlement platform launched for digital asset firms
Up to $25M FDIC insurance, distributes across 1,100+ insured financial institutions.
SourceStoneCastle acquisition announced to help FIs retain funds from FIUSD issuance
SourceFiserv announces FIUSD stablecoin on Solana
FIUSD built for 10,000 financial institution clients and 6 million merchant locations, leveraging Paxos and Circle infrastructure.
SourceThe Payments Stack Play
Fiserv processes $2 trillion in payments annually for 6,000+ financial institutions and wants to make stablecoins just another rail in that plumbing. FIUSD is less a single stablecoin and more a platform: Paxos handles issuance, Circle provides ecosystem interop, PayPal enables interoperability, and Mastercard connects the payments network. The centralized-dependent classification captures this architecture accurately — FIUSD depends on an entire constellation of partners, any of which could become a bottleneck. The end-of-2025 launch target has quietly slipped into 2026 with no firm date, which either means careful regulatory preparation or the inherent difficulty of coordinating four major fintech companies on a shared timeline.
Updated 2026-03-23
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