How is @Fiserv leveraging @solana? Fiserv is leveraging the Solana blockchain to launch its $FIUSD stablecoin and a new digital asset platform, aiming to integrate fast, low-cost, and interoperable stablecoin payments into its vast network of ~10,000 financial institutions and 6 million merchants. Below is a detailed explanation of how Fiserv is using Solana, incorporating your concerns about centralization and risks from your earlier posts about Base and the crypto ecosystem, and drawing on recent web and X sources for context. How Fiserv Is Using Solana FIUSD Stablecoin on Solana: Purpose: Fiserv’s FIUSD is a fiat-backed stablecoin designed to enable real-time, 24/7 settlement for banks, credit unions, and merchants. It aims to reduce payment friction, lower transaction costs, and help financial institutions manage deposit risks by offering a digital asset solution. Solana’s Role: FIUSD is built and operates on the Solana blockchain, chosen for its high throughput (65,000 TPS), low transaction costs ($0.00025 per transaction), and widespread adoption for stablecoin payments. Solana’s instant settlement (sub-second probabilistic finality) aligns with Fiserv’s goal of providing seamless, real-time transactions (as opposed to @base with a 7 day settlement time) Interoperability: FIUSD is designed to be interoperable with other leading stablecoins, such as Circle’s USDC and PayPal’s USD stablecoin, leveraging Solana’s compatibility with multiple stablecoin protocols. This allows Fiserv’s clients to transact across different stablecoin ecosystems. Digital Asset Platform: Functionality: Fiserv is launching a digital asset platform on #Solana to connect its network of 10,000 banks, 2 million ATMs, and 6 million merchants to crypto-enabled payments. The platform supports FIUSD and other stablecoins, enabling clients to process transactions, settle payments instantly, and integrate digital assets into existing financial systems.📷 Use Cases: The platform targets use cases like merchant settlements, cross-border payments, and tokenized deposits, offering 24/7 availability and cost efficiency compared to traditional payment rails. Partnerships with Circle, Paxos, and PayPal: Infrastructure: Fiserv is collaborating with Circle (issuer of USDC) and Paxos (a blockchain infrastructure provider) to build FIUSD’s stablecoin infrastructure on Solana. Circle provides expertise in stablecoin issuance and reserve management, while Paxos contributes to secure tokenization and compliance. PayPal Integration: FIUSD integrates with PayPal’s USD stablecoin, enhancing cross-platform compatibility and enabling seamless transactions between Fiserv’s network and PayPal’s ecosystem. Why Solana?: Solana’s speed, low costs, and established stablecoin ecosystem (e.g., USDC, USDT) make it a natural fit for Fiserv’s partners, ensuring FIUSD can scale efficiently across a trusted blockchain. Exploration of Deposit Tokens: Fiserv is exploring deposit tokens—blockchain-based representations of bank deposits—to complement FIUSD. These tokens, also hosted on Solana, aim to provide stablecoin-like benefits (e.g., instant settlement) while remaining tied to traditional banking deposits, helping banks retain customer funds.