Financial giant Fisvev to launch USD stablecoin FIUSD on Solana Chain

According to a report by Golden Finance, Fisvev, a Fortune 500 fintech company, announced that it will collaborate with Circle, Paxos, and PayPal to launch the US dollar stablecoin FIUSD on the Solana chain and launch its digital asset platform. The platform plans to cover 10000 financial institutions and 6 million merchants, support interoperability with PayPal USD (PYUSD), and promote cross-border payment and settlement efficiency. Fisvev stated that FIUSD will become a compliant and bank friendly payment infrastructure, supporting the operation of existing financial systems, reflecting the acceleration of traditional financial institutions in embracing stablecoins and blockchain technology.