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.