The Wall Street Journal

Stablecoin World Opens Up to Main Street Banks

Regional and community banks will be able to get in on the stablecoin market through Fiserv ventures with crypto firms and PayPal

Stablecoin company Circle will be one of Fiserv’s partners in the venture.
Stablecoin company Circle will be one of Fiserv’s partners in the venture. Photo: Gabby Jones/Bloomberg News

Thousands of Main Street banks struggling to keep up with crypto’s push into mainstream finance will soon get an opening to the rapidly evolving world of stablecoins. 

Financial-technology giant Fiserv plans to launch a stablecoin and platform that could be used by its clients, which include roughly 3,000 regional and community banks, executives told The Wall Street Journal. The platform is expected to be compatible with other stablecoins and allow for easy connection with the other 10,000 financial institutions and millions of merchant locations that Fiserv works with.

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