Mastercard & Fiserv Launch FIUSD Stablecoin on Solana 

In a joint move with far-reaching implications, Mastercard and financial tech firm Fiserv have launched FIUSD, a new stablecoin operating on the Solana blockchain. The initiative aims to modernize digital payments by leveraging blockchain speed and transparency.

FIUSD will be used in a pilot program for cross-border settlements and B2B transactions. With near-instantaneous processing and lower fees compared to traditional banking rails, the coin could serve as a scalable alternative to SWIFT transfers.

The decision to build on Solana reflects the network’s high throughput capabilities—up to 65,000 transactions per second—and its growing appeal for enterprise applications.

Regulatory compliance has been a priority: FIUSD will be fully backed by cash reserves and short-term U.S. treasuries, and audited monthly. Mastercard emphasized that the stablecoin is designed to meet global AML/KYC standards.

Industry observers view this launch as a major endorsement of blockchain infrastructure by traditional finance. It also intensifies competition among stablecoin providers, especially as other payment giants like PayPal and Visa pursue similar paths.

If successful, FIUSD could become a standard for enterprise-grade blockchain payments—bringing us closer to mainstream adoption of decentralized finance without the volatility of traditional crypto assets.