Fiserv USD (FIUSD) pre-launch stablecoin tracker
FIUSD is a pre-launch fully-reserved dollar stablecoin from Fiserv, built on Solana with Circle and Paxos infrastructure for interbank payments at FI clients.
Phase
Current launch phase
Target launch
Target drift
Moved 2× · last Sep 6, 2026
Since announcement
Announced Jun 2025
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSFiserv's Stablecoin After the Partner Pivot
FIUSD is Fiserv's planned dollar stablecoin for the roughly 10,000 financial institutions and six million merchant locations already on its processing network. The June 2025 plan built it on Solana with Paxos and Circle infrastructure and promised it by the end of that year. That plan no longer stands. On October 5 2026 Fiserv's head of embedded finance said the company had pivoted away from Paxos and Circle toward a more proprietary coin, and he gave no launch date. Fiserv joined the Open USD consortium in September and says it will name wallet partners before year-end. Its digital asset platform went live on October 1, yet the first token it hosts is Bank of North Dakota's Roughrider Coin, which VersaBank issues and custodies. Neither the end-2025 target nor the July 2026 go-live set by former CEO Mike Lyons produced a launch; the Q2 results did not mention FIUSD, and his successor left it out of a September strategy presentation. Pharos therefore tracks FIUSD as a product whose issuer, reserve custodian and timetable are all unannounced, sitting on infrastructure that already runs another bank's coin.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-19
AI policy
FIUSD Launch path
Beta phase, targeting 2026 after 2 target moves; 14 milestones logged since Jun 2025.
Target history (2)
- 2026retired Jun 13, 2026
- Jul 2026retired Sep 6, 2026
- 2026current target
Launch status narrative
Platform live; Q1 2026 earnings (May 5): CEO Lyons confirms stablecoin pilot for interbank money movement; Huntington confirmed as pilot partner alongside Bank of North Dakota and others (cross-border, digital escrow); INDX cash settlement launched Feb 2026; StoneCastle acquired; May 14 Investor Day positioned FIUSD as a core strategic growth vector ('issued through banks, accepted through merchants'). At the Bernstein Strategic Decisions conference (June 3 2026) CEO Lyons confirmed 'FIUSD goes live in July,' setting July 2026 for the interbank platform launch. That window closed without a launch announcement. The Q2 2026 earnings release filed with the SEC on August 6 2026 does not mention FIUSD, stablecoins, digital assets, or Solana anywhere, and Fiserv cut its full-year guidance in the same release; the earnings call transcript is equally silent. Pharos retired the July expectation on September 6 2026 and now carries the year only. Bank of North Dakota's Roughrider Coin white-label is still expected to begin its state-bank pilot in September 2026. Fiserv's digital asset platform went live on October 1 2026 hosting Roughrider Coin rather than FIUSD; on October 5 Fiserv said it had pivoted away from Paxos and Circle toward a more proprietary coin, joined the Open USD consortium, and gave no FIUSD launch date
Launch status: quick answers
- When will FIUSD launch?
- Pharos records FIUSD in the beta phase. It was announced in Jun 2025. The current launch target is 2026, after 2 earlier targets. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues FIUSD?
- FIUSD is a pre-launch fully-reserved dollar stablecoin from Fiserv.
- Is FIUSD live yet?
- Pharos lists FIUSD as pre-launch (the beta phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
FIUSD Activity
- Milestone
Fiserv drops Paxos and Circle from FIUSD and sets no launch date
Fiserv's head of embedded finance Sunil Sachdev told Payments Dive the company pivoted away from the Paxos and Circle partnership announced in June 2025 toward a more proprietary coin, and gave no FIUSD launch date. Fiserv joined the Open USD consortium in September 2026, plans to name wallet partners before year-end, and cited Bank of North Dakota's Roughrider Coin, live on its digital asset platform since October 1, as its first hosted stablecoin.
Source - Milestone
Fiserv digital asset platform goes live hosting Roughrider Coin, not FIUSD
Fiserv announced its digital asset platform was live with financial institution clients. The first live use case is Bank of North Dakota's Roughrider Coin, which VersaBank issues and custodies (minting, burning, custody and reserve asset management), with Fireblocks infrastructure and settlement on Solana. The release names no FIUSD launch.
Source - Delay
July go-live window closes; Q2 2026 results do not mention FIUSD
The Q2 2026 earnings release Fiserv filed with the SEC contains no reference to FIUSD, stablecoins, digital assets, or Solana, and the company cut full-year guidance. No launch announcement followed the July window CEO Lyons had set in June.
Source - Milestone
Fiserv CEO transition: Mike Lyons departs for Truist; successor has not addressed FIUSD
Mike Lyons, who had set the July 2026 FIUSD go-live window, stepped down as Fiserv CEO on June 15 2026 to become Truist's CEO; Takis Georgakopoulos succeeded him. At the Goldman Sachs Communacopia conference on September 10 the new CEO outlined a unified issuing-platform, debit-network, and Stonecastle strategy without mentioning FIUSD, stablecoins, or digital assets, leaving the pilot unaddressed nine weeks after the July window closed.
Source - Milestone
CEO Lyons confirms FIUSD goes live in July 2026 at Bernstein conference
At the Bernstein Strategic Decisions conference, CEO Michael Lyons stated 'FIUSD goes live in July,' setting July 2026 for the interbank platform launch.
Source
Earlier activity (9)
- Milestone
FIUSD featured at Fiserv 2026 Investor Day as a strategic growth vector
Fiserv positions FIUSD on an 'issued through banks, accepted through merchants' model with real-time clearing/settlement and white-label issuance; interbank-money-movement pilots with Bank of North Dakota, Huntington, and others remain on track for summer 2026.
Source - Milestone
Q1 earnings: CEO confirms stablecoin pilot on track for summer 2026
CEO Michael Lyons: 'on track to launch our previously announced stablecoin pilot this summer to facilitate interbank money movement.' Huntington confirmed as pilot partner alongside Bank of North Dakota and several other banks.
Source - Milestone
INDX real-time cash settlement platform launched for digital asset firms
Up to $25M FDIC insurance, distributes across 1,100+ insured financial institutions.
Source - Announcement
Fiserv announces FIUSD stablecoin on Solana
FIUSD built for 10,000 financial institution clients and 6 million merchant locations, leveraging Paxos and Circle infrastructure. Fiserv said the digital asset platform and FIUSD would be added to its banking and payments infrastructure by the end of 2025.
Source
Featured coverage
Other coins using the FIUSD ticker
- Sygnum FIUSD Liquidity Fund Token (FIUSD) · Active · US Dollar. FIUSD is Sygnum's tokenized Fidelity liquidity-fund unit.