Fiserv Activates Stablecoin Platform for 10,000 US Banks

Fiserv has launched its stablecoin platform for over 10,000 banks in the US, enabling faster and more efficient interbank transfers. The platform uses the Solana blockchain to settle transactions in approximately 400 milliseconds.

The first real-money stablecoin to run on the platform is Roughrider Coin, issued by Bank of North Dakota's partner VersaBank. This marks a significant milestone for institutional stablecoins, which are designed to meet banking sector standards.

Fiserv's head of embedded finance and digital assets, Sunil Sachdev, said that moving from concept to production with leading institutions has helped clients unlock new efficiencies in banking and payments while maintaining trust, security, and regulatory standards.